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Sep 30 - 03:55 PM

EUR/USD - Fresh 14-Month Low Set Despite Limit Price Action

By Christopher Romano  —  Sep 30 - 01:36 PM
  • EUR/USD drops sharply in Europe am, NY opens near 1.1565, rally ensues

  • Lift takes hold after DE HICP nAPN002O00, US claims nAQN04P30T data

  • US$ sold in early NY, USD/CNH falls below 6.4450, EUR/USD hits 1.1598 on EBS

  • Equities ESv1 & US rates US10YT=RREDZ2 weaken as risk-off takes hold

  • Safe-havens US$ & yen bought, EUR/JPY sinks below 128.90, EUR/USD follows

  • EUR/USD trades to 1.1563 on EBS, meager bounce sees it near 1.1750 late

  • Techs are bearish; RSIs fall, old support near 1.1600 turns into resistance

  • For more click on FXBUZ














eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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