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Feb 04 - 08:38 PM

EUR/USD - Buoyant Risk Concerns Longs

By Christopher Romano  —  Feb 04 - 01:32 PM
  • Virus concerns ebb slightly, risk rallies broadly, stock & yields rally

  • EUR/USD lower despite big EUR/JPY gains, EUR/USD pierces 10-DMA nL1N2A40H0

  • Only a small bounce late as the US$ bid fades slightly, near 1.1045 late

  • Falling daily, monthly RSIs & piercing of 10-DMA have techs lean bearish

  • Bears gain traction but mixed signals could limit the ranges nL1N2A40MS

  • Euro zone Markit services/comp PMI for Jan are a data risk Wednesday

 

 

 

 

 

 

 

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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