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Dec 13 - 04:55 PM

EUR/USD - Momentum In Either Direction Is Lacking

By Christopher Romano  —  Dec 13 - 01:50 PM
  • EUR/USD falls overnight, hits 1.12605 on EBS, NY opens near 1.1275

  • Bounce off lows extends as US rates, US$ soften during NY trading

  • Despite EUR/JPY staying heavy EUR/USD nears 1.1310 after Europe's close

  • EUR/USD down small late, is near 10 & 21-DMAs, 61.8% Fib 1.0636-1.2349

  • Falling daily, monthly RSIs imply downside momentum is in place

  • Looming Fed meeting likely to keep recent EUR/USD range intact for now

  • Investor sentiment, techs keep EUR/USD downside risks intact nL1N2SY1C8

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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