By Christopher Romano — Dec 12 - 01:35 PM
EUR/USD rallied in Europe's morning, NY opened near 1.0565, rally extended
Pair hit 1.0580 on EBS but gains were erased & EUR/USD turned negative
US rate US2YT=RR gains helped rally the US$; USD/CNH neared 6.9950
Commodity HGv1, XAU= drops helped drive further US$ gains
EUR/USD fell below 1.0520, neared 1.0515 late in the session
Techs are mixed; daily inverted hammer formed, daily RSI is falling
Monthly RSI is rising, consolidation ongoing, pair above the 10-DMA
EUR/USD can clear major impediment with CPI, Fed help nL1N3321A8
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Source:
Refinitiv IFR Research/Market Commentary