By Christopher Romano — Nov 16 - 01:35 PM
NY opened near 1.0850, pair then rallied to 1.08955 on EBS after US data
Claims, exp/imp prices, Philly Fed indicated jobs softening, disinflation
US yields US2YT=RR added to overnight losses which weighed on US$
USD/CNH CNH=D3 & oil LCOc1 drops helped EUR/USD hit session highs
Some gains eroded however as stocks ESv1 fell & EUR/JPY neared 163.25
EUR/USD traded near 1.0860 late, traded up only +0.13% late in the session
Daily RSI didn't confirm the 3-mo high, daily inverted hammer formed
Daily signals concern longs but monthly techs remain bullish
US Oct. Housing starts, building permits are data risks in NY Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary