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Dec 28 - 11:55 AM

EUR/USD - Back To Familiar Turf As Safe-Have Bid Emerges

By Christopher Romano  —  Dec 28 - 09:54 AM
  • EUR/USD rallied to 1.1333 on EBS overnight on yen, US$ sales & upbeat risk

  • Gains erode in early NY as German DE2YT=RR yields drop, US$ & yen bought

  • EUR/JPY turns negative, sinks to 129.795 on EBS, weighs down EUR/USD

  • EUR/USD drop also aided by oil LCOc1 falling from the session high

  • EUR/USD falls below the overnight low, hits 1.13005 on EBS

  • Pair now sits near the converging 10- & 21-DMAs, 61.8% Fib of 1.0636-1.2349

  • Techs lean bearish; RSIs falling, bear pennant in place on daily charts

  • For more click on FXBUZ




eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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