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Nov 11 - 03:55 PM

EUR/USD - Four Day Low Set As Longs Grow Concerned

By Christopher Romano  —  Nov 11 - 01:40 PM
  • Pair falls in Europe's am, NY opens near 1.1775, drop extends in early trade

  • 50% Fib 1.1602-1.1920, 21 & 10-DMAs pierced after Lagarde talks nL1N2HX16M

  • Fall aided by bund yield drop, EUR/JPY falling to 123.93 on EBS

  • EUR/USD trades to 1.1745 (EBS) but bounces away from the daily cloud base

  • US$ selling emerges & EUR/JPY rallies, EUR/USD nears 1.1775 late

  • Change in bank view, ECB rhetoric could drive test near 1.1600 nL1N2HX1HT

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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