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Dec 01 - 03:55 PM

EUR/USD - US Data, Rates Boost Longs Ahead Of Key Jobs Report

By Christopher Romano  —  Dec 01 - 01:40 PM
  • EUR/USD hit 1.0393 on EBS in Europe's a.m., NY opened near 1.0440

  • US rates EDH3, US$ sink on PCE & ISM nL1N32R15S pricing data

  • EUR/USD cleared November's monthly high & 50% Fib of 1.1495-0.9528

  • Pair went on to hit a 6-moth high of 1.0534 on EBS, neared 1.0505 late

  • EUR/USD's pull back aided by equity gains eroding, US$ sales abating

  • Pair still up & traded +0.94% late in the session; techs lean bullish

  • Consolidation ends with new high set, daily & monthly RSIs are rising

  • With growing tail winds, EUR/USD confronts one more key risk nL1N32R1MD

  • US Nov. Jobs report & its impact on the Fed is a key risk Friday

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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