By Christopher Romano — Apr 05 - 02:07 PM
Pair bounces off 1.1738 EBS low just ahead of NY's open
US$ selling takes hold in early NY trade on upbeat risk sentiment
US 5- & 10-year yield gains erode, 5-yr yield eventually turns negative
Equities rally to record highs as broad based US$ selling takes hold
EUR/USD rallies sharply above the 10-DMA, nears 1.1820 late in the day
Rising RSIs, daily bullish outside candle gives techs a bullish lean
EUR/USD face the rising risk of a short squeeze nL1N2LY0RE
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Source:
Refinitiv IFR Research/Market Commentary