By Christopher Romano — Sep 13 - 01:45 PM
NY opened near 1.1090 then dipped below 1.1080, buyers emerged
Tighter DE-US spreads US2DE2=RR, US$ drop lifted EUR/USD to 1.1102 on EBS
Pair slide below 1.1080 again despite equity, gold gains & USD/CNH drop
EUR/JPY fall to 155.65 helped push EUR/USD lower, pair was up +0.07% late
Techs lean bullish; daily, monthly RSIs rising, pair traded above the 5-DMA
Bull flag pattern on daily chart reinforces the bullish signals
Fed rate decision & Powell presser will be the main events next week
US August retail sales is a risk ahead of the Fed meeting
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary