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Oct 06 - 01:55 PM

EUR/USD - Dip Buyers Win As US Yield Gains Erode

By Christopher Romano  —  Oct 06 - 11:40 AM
  • EUR/USD hit 1.0482 on EBS after US jobs data as US yields, US$ rallied

  • Slide stalled however as yields couldn't maintain upward momentum

  • UST 10-year yield US10YT=RR slid below the October 5 daily high

  • US$ fell as risk rallied; equities ESv1, gold XAU turned positive

  • EUR/USD climbed above the 10-DMA, hit 1.0592 on EBS into Europe's close

  • Daily, monthly RSIs turned upwards and a 4-session high was set

  • Daily bull hammer & monthly long legged doji candles are now in place

  • 1.0615/20 resistance in focus, if breaks short squeeze may intensify

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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