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Jan 03 - 08:55 AM

EUR/USD - Familiar Turf Trod On Yen, Rates, Tech Influences

By Christopher Romano  —  Jan 03 - 08:00 AM
  • EUR/USD lifts to 1.13795 on EBS overnight, a slide then takes hold

  • Pair falls away from the bear pennant top which is on daily charts

  • Yen buying sinks EUR/JPY to 130.59 on EBS while oil LCOc1 gains erode

  • US rate EDM2US2YT=RR rises drive US$ buying, USD/CNH nears 6.3700

  • EUR/USD falls below the daily cloud base, hits 1.13355 on EBS

  • Slide stalls just short of the rising 10-DMA then bounces meagerly

  • EUR/USD longs need break above 1.1385/90, 55-DMA to ease bear pressure

  • For more click on FXBUZ





eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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