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Nov 12 - 03:55 PM

EUR/USD - New Low Set But Upbeat Risk Puts The Slide On Hold

By Christopher Romano  —  Nov 12 - 01:44 PM
  • EUR/USD holds a tight range in overnight trading, NY opens near 1.1450

  • Pair hits a fresh 16-mo low of 1.1433 on EBS in early trading

  • Fall aided by EUR/JPY drop, USD/CNH bounce off low, US rate EDM2 dip

  • Sub-par US data nAQN064QDFnW1N2S3000 helps weaken the U$ a bit

  • EUR/USD rallies toward 1.1460, pair near flat & 1.1450 late in the day

  • Daily RSI doesn't confirm low, doji candle forms, are warnings for shorts

  • EUR/USD rebound risk may present opportunity for bears nL1N2S31E3

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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