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TDUX
Sep 22 - 03:55 PM

EUR/USD - REFILE-BUZZ-EUR/USD-Two Month Low Struck On US Dollar, Yield Gains

By Christopher Romano  —  Sep 22 - 01:43 PM

(Corrects the 2-month low to 1.1429 from 1.1426)

• NY opened near 1.1465 after 1.1478 traded overnight, the pair fell in NY trading

• US yield gains drove broad USD buying; USD/CNH held above 6.700

• Gold, silver & stock drops reinforced the broad-based USD buying theme

• EUR/USD hit a 2-month low, hit 1.1429, sat near 1.1435 late, was down -0.26%

• Technicals continue to highlight downside risks for EUR/USD

• Daily, monthly RSIs indicate downward momentum as do the 15-mo Bolli bands

• End of consolidation of drop from Sep. 9 high added to bearish signals

• Pair's hold below slew of DMAs, 61.8% Fib of 1.1325-1.1711 reinforce bearish techs
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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