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Feb 21 - 03:55 PM

EUR/USD - REFILE-BUZZ-EUR/USD-Lack Of A Catalyst Puts The Rally On Hold For Now

By Christopher Romano  —  Feb 21 - 02:05 PM

Corrects typo in headline

  • NY opened near 1.0800 after 1.0790 hit on EBS in Europe's morning

  • Pair then rallied to 1.0820 on US$ sales, EUR/JPY rally to 162.575 on EBS

  • Rally stalled short of the 200-DMA, pair then neared flat on the session

  • US yields US2YT=RR turned positive, stocks ESv1, gold XAU= turned down

  • Muted reaction from EUR/USD to minutes of the Fed's January 30-31 meeting

  • Techs are mixed; daily RSI rising & pair above 10-DMA but below the 200-DMA

  • EZ Feb. HCOB PMIs, US weekly & continuing claims are data risks Thurs.

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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