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Oct 29 - 03:55 PM

EUR/USD - ECB, Claims, Covid, Election Puts September's Low In Play

By Christopher Romano  —  Oct 29 - 01:45 PM
  • Pair falls in Europe as covid, US election worries sink risk nL1N2HK16L

  • NY open near 1.1725, drop resumes on ECB nL1N2HK0F3, US data nL1N2HJ30Q

  • Wider DE-US spread, US$ & yen buys add weight, EUR/JPY trades 121.90 (EBS)

  • EUR/USD falls with virtually no bounces in NY trade, hits 1.1650 (EBS)

  • ECB punt until Dec nL1N2HK1X9 making rally sellers aggressive nL1N2HK2HW

  • Techs are bearish on break of cloud base, key Fibos & falling RSIs

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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