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
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Source:
Refinitiv IFR Research/Market Commentary