By Christopher Romano — Feb 07 - 01:40 PM
EUR/USD slid overnight, NY opened near 1.0705, slide extended in the a.m.
Firmer US rates EDZ3, US$ buys & risk-off sank EUR/USD to 1.06695 on EBS
Risk improved during Powell's comments nW1N33R03B, rates, U$ softened
Equities turned positive while USD/CNH fell towards 6.7765
EUR/USD rallied into positive territory, struck 1.0767 on EBS then slid
US$ firmed again and EUR/USD sat near 1.0705 late, traded down -0.20%
Techs lean bearish; RSIs are falling and the pair is below 10- & 21-DMAs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary