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Feb 27 - 03:48 PM

EUR/USD - Shorts Halt Near A Key Fibo

By Christopher Romano  —  Feb 27 - 01:15 PM
  • Fed cuts expectations, possible De stimulus boost EUR/USD early [nL2N2AR0N6]

  • Rally nears 50% Fib of 1.1240-1.0778, Feb 6 high then runs out of gas

  • UST yields, US equities rally sharply off their lows, drives a US$ bounce

  • Some EUR/USD gains erode, nears 1..0960 before nearing 1.0980 late

  • Recent EUR/USD panic buying could be an opportunity for some nL2N2AR12W

  • Slew of EZ data tomorrow, virus impact could be reflected in some reports







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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