By Christopher Romano — Feb 16 - 01:35 PM
NY opened near 1.0710 after EUR/USD traded 1.07225 on EBS overnight
US rates EDZ3, US$ rallied on data nL1N34V2H3, Fed's Mester nL1N34W136
EUR/USD fell below the daily cloud top, 23.6% Fib of 0.9528-1.1034
Pair struck a 1-1/2-month low of 1.0655 on EBS but a bounce then ensued
US$, rates softened; USD/CNH turned -ve, stocks ESv1 & commodities lifted
EUR/USD hit 1.0696 on EBS, sat near 1.0685 late, traded down -0.01%
Techs lean bearish; pair below 10- & 55-DMA, monthly RSI is falling
Fed, US data keep EUR/USD downside risks elevated nL1N34W1IY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary