By Christopher Romano — Oct 16 - 01:35 PM
EUR/USD opened NY near 1.0530 after rallying overnight, rally extended
Pair pierced the 10-DMa and struck 1.0565 on EBS before dipping a bit
US$ weakness drove most of EUR/USD's rally; USD/CNH dipped below 7.3100
Equity ESv1 gains & oil LCOc1 drop likely added to EUR/USD buoyancy
EUR/USD slid below the 10-DMA but was trading up +0.32% late in the session
Techs are mixed; monthly doji in place, daily RSI rising, pair below 21-DMA
German October ZEW & US September retail sales are data risks for Tuesday
Remarks from ECB's Jochnick & slew of Fed speakers are event risks Tuesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary