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Jan 03 - 03:55 PM

EUR/USD - Bears Hold Their Grip After Release Of Fed Minutes

By Christopher Romano  —  Jan 03 - 02:10 PM
  • 1.0965 traded on EBS in Europe's morning, NY opened near 1.0920

  • Pair hit 1.09385 after US Dec. ISM mfg PMI, Nov. JOLTS reports

  • Sellers emerged as post-data US$ selling abated & buyers emerged

  • US yields US2YT=RR rallied while USD/CNH rallied to 7.1725 on D3

  • Equity ESv1, gold XAU= drops reinforced the US$ buying

  • EUR/USD traded below the 21-DMA, hit 1.08985 before bouncing a bit

  • Slightly bearish reaction after release of the Fed's Dec. 12-13 minutes

  • EUR/USD fell to 1.08945 on EBS, was down -0.39% late in the session

  • Techs lean bearish; RSIs falling & pair holds below 10- & 21-DMAs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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