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Nov 23 - 03:55 PM

EUR/USD - Bears Emerge After Trend Line Pierced

By Christopher Romano  —  Nov 23 - 01:35 PM
  • EUR/USD rallies on above estimate DE, FR Markit PMIs in Europe's am

  • Trend line off Sep. high pierced, NY opens near 1.0900 nL1N2I9118

  • Small lift to 1.0906 (EBS) in early NY but a sharp fall ensues

  • US/China tensions, US Nov PMI data drive investors into the US$

  • EUR/USD falls below the 10-DMA, daily cloud top, hits 1.17995 (EBS)

  • Bounce ensues as equities rally, EUR/JPY rallies from its 123.15 EBS low

  • EUR/USD sits near 1.1840 late but is still down, daily doji candle forms

  • Despite sharp EUR/USD bounce from the low bulls face risks nL1N2I91FK

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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