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Feb 08 - 03:55 PM

EUR/USD - Yen Buys, 10-DMa Keep Bulls In Check

By Christopher Romano  —  Feb 08 - 01:39 PM
  • NY opens just off the session 1.2020 (EBS) low & then rallies

  • Buoyant equities, commodities & US$ sales help EUR/USD near the 10-DMA

  • Yen buyers emerge, EUR/JPY sinks to 126.655 (EBS), EUR/USD gains erode

  • EUR/USD nears 1.2045 late in the session, is near flat on the day

  • Daily doji candle forms, suggests short-term indecision from investors

  • Monthly RSIs falling, EUR/USD below slew of daily MAs, techs lean bearish

  • Other influences suggest EUR/USD might range trade for now nL1N2KE1KD

  • For more click on FXBUZ

eur/usd Click here

Refinitiv IFR Research/Market Commentary


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