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Jan 10 - 03:55 PM

EUR/USD - After Wild Price Swings Shorts Have The Advantage

By Christopher Romano  —  Jan 10 - 01:40 PM
  • Pair drops in Europe's am, NY opens near 1.1325, slide extends

  • Drop aided by US yield gains nL1N2TQ0XM & safe-have US$, yen buying

  • EUR/JPY fall to 130.165 on EBS helps EUR/USD falls to 1.1285 on EBS

  • US yields pull back from their highs, US$ selling takes holds

  • EUR/USD rallies to 1.13335 on EBS, sits near 1.1325 late in the day

  • Techs lean bearish; RSIs fall, bear pennant in place, consolidation persists

  • Rising hawkish Fed expectations bolster EUR/USD downside risks nL1N2TQ0ZP

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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