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Sep 23 - 03:55 PM

EUR/USD - Bears Struggle To Maintain Downward Momentum

By Christopher Romano  —  Sep 23 - 01:35 PM
  • EUR/USD hit 1.10845 on EBS in Europe's on downbeat September HCOB PMI

  • Wider DE-US spreads US2DE2=RR helped drive EUR/USD to session lows

  • Buyers emerged, NY opened near 1.1110, EUR/USD rallied to 1.1143

  • USD/CNH dip from its high, equityESv1 & goldXAU= gains helped the lift

  • US yields US2YT=RR softened after Fed rhetoric which helped the bounce

  • EUR/USD pulled back a bit, neared 1.1125 late, traded down -0.33&

  • Techs lean bullish; consolidation persists, monthly RSI is rising

  • September German Ifo survey, US consumer confidence are risks Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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