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Oct 03 - 02:36 PM
EUR/USD - Shorts Slammed On ISM Services Result
First appeared on eFXplus on Oct 03 - 10:15 AM
  • US Sep ISM non-mfg 52.6 55.0 exp, employment 50.4 prior 53.3 nN9N26900O

  • Below forecast result bolsters views US economic growth is slowing

  • UST yields fall sharply, euribor & fed funds prices rally, US$ dives lower

  • US$ offered across the board, DXY falls towards the 21-DMA

  • EUR/USD shorts scramble to cover as pair rallies above 1.0995

  • Techs grow more bullish, RSI deepen their bull bias

  • 21-DMA, t-l off June high & Sep 23 high targeted; break targets 1.1075/80







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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