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Oct 26 - 04:55 PM

EUR/USD - Shorts Are Taking Greater Control

By Christopher Romano  —  Oct 26 - 02:14 PM
  • EUR/USD rallied to 1.1626 on EBS in early NY trading, sellers emerge

  • Pair falls back below the 10-DMA, slide intensifies after US data prints

  • Philly Fed nAQN04SB9Q, confidence & house data nL1N2RM1MY buoy rates

  • Drop in eurodollar EDM2, rise in US 10-yr yield help rally the US$

  • Equity gains erode a bit on the rate rise & US$ buys; weighs on EUR/USD

  • EUR/USD drops, hits 1.1585 on EBS before nearing 1.1600 late in the day

  • Techs lean bearish; 10, 21-DMAs pierced, daily RSI falls, monthly doji forms

  • Fed, ECB inflation responses seen weighing on EUR/USD nL1N2RM1KO

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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