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Sep 22 - 03:55 PM

EUR/USD - Whip Saw Move After The Fed, Bulls Have A Slight Advantage

By Christopher Romano  —  Sep 22 - 02:18 PM
  • EUR/USD trades in a tight range for most of NY as investors await the Fed

  • US$ spikes higher as Fed says sees first hike in 2022 nW1N2PU03E

  • Fed does not give specific timing on taper, US$ gains begin to erode

  • EUR/USD then rallies as US 10-yr US10YT=RR sinks, Dec 2022 ED EDZ2 lifts

  • 1.1753 hit on EBS, small pull back sees 1.1745 neared but US$ stays heavy

  • Daily techs lean bullish; bull engulfing candle forms, daily RSI turns up

  • Monthly techs remain bearish, RSI falls, inverted hammer candle in place

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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