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Mar 10 - 03:55 PM

EUR/USD - Balanced Risks Help Keep The Range Tight

By Christopher Romano  —  Mar 10 - 02:02 PM

• NY opened near 1.0865 after 1.08743 traded on EBS in Europe

• 1.0810 hit on uncertainty drive by German Greens party statement

• EUR/USD bounced on US yield , US$ weakness, 1.0855 neared

• Pair slid slightly on stock , gold , EUR/JPY drops

• USD/CNH steady climb in NY also weighed; 1.0830 neared, pair neared flat

• Tighter DE-US 2-yr spread helped keep EUR/USD near flat

• Techs lean bullish; consolidation phase in place, monthly RSI rising

• Hold above 200-DMA, 61.8% Fibo 1.1214-1.0125 reinforce bullish signals

• US January JOLTS jobs openings is a data risk for Tuesday
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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