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Jan 13 - 03:55 PM

EUR/USD - Longs Cannot Benefit From Bullish Influences

By Christopher Romano  —  Jan 13 - 01:37 PM
  • Risk-off, safe-haven buys drive EUR/USD lower in Europe's am

  • NY opens near 1.2165 after pair falls from Europe's 1.2223 EBS high

  • Slide extends in NY, helped by EUR/JPY hitting 126.22 (EBS)

  • 1.2140 trades before a small bounce towards 1.2180 ensues

  • US$ & UST yields sink after UST 30-year bond auction nIfp73VJl7

  • EUR/USD still -ve on the session, sits near 1.2165 late in the day

  • S-T consolidation, falling RSIs, pair below 10 & 21-DMAs, techs lean bearish

  • Recent EUR/USD price action suggests pullback not complete nL1N2JO1N1

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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