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Nov 09 - 03:55 PM

EUR/USD - After A Key Fibo Break Indecision Creeps In

By Christopher Romano  —  Nov 09 - 01:37 PM
  • EUR/USD rallies above 10 & 21-DMAs overnight, pierces 50% Fib 1.1692-1.1514

  • Pair hits 1.16065 on EBS then falls, hits 1.1570 on EBS in early NY

  • Muted reaction to nearly as expected October US PPI nL1N2S0145

  • Drop in US rates, US$ provide a lift to 1.16085 on EBS but EUR/USD dips

  • US$ sales abate, USD/CNH rallies near 6.3950, EUR/USD nears 1.1590 late

  • Daily doji forms, implies indecision; China, German, US inflation data loom

  • EUR/USD could make a big move if an old correlation takes hold nL1N2S01E0

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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