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Mar 03 - 03:55 PM

EUR/USD - Indecision Emerges After Wide Price Swings

By Christopher Romano  —  Mar 03 - 01:42 PM
  • EUR/USD rallies to 1.21135 (EBS) in Europe, slide ensues as US$ goes bid

  • Rise in US rate complex helps buoy the US$, buying intensifies after data

  • Rates, US$ remain firm after below estimate Feb ADP, ISM non-manufacturing

  • EUR/USD trades down to 1.2043 (EBS) but risk shifts, bounce ensues

  • Stocks bounce off lows, oil breaks Tuesday high, US yields slip

  • EUR/USD rallies above 1.2075, sits near the daily cloud base late

  • Daily doji candle forms, suggests investors are a bit indecisive

  • Yields & techs should keep EUR/USD downside risks intact nL2N2L11SU

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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