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Dec 02 - 04:55 PM

EUR/USD - Post Jobs Downside Move Reverses, Shorts Are Frustrated

By Christopher Romano  —  Dec 02 - 01:40 PM
  • EUR/USD rallied to 1.0545 overnight, NY opened just below Europe's high

  • Nov. NFP, AHE are above estimates nL1N32R2TN; US rates EDH3, US$ rally

  • Equities ESv1, commodities fall while USD/CNH rallied above 7.0700

  • EUR/USD dived lower, pair hit 1.04295 on EBS but the slide halted

  • Risk sentiment slowly improved; rates & dollar erase some gains

  • EUR/USD rallied, turned slightly positive, sat near 1.0530 late in the day

  • Techs are bullish; RSIs are rising, daily long legged doji candle formed

  • Payrolls reaction might encourage EUR/USD bulls nL1N32S19R

  • For more click on FXBUZ






Source:
Refinitiv IFR Research/Market Commentary

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