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Feb 21 - 03:55 PM

EUR/USD - Shorts Keep The Pressure On

By Christopher Romano  —  Feb 21 - 01:40 PM
  • NY opened near 1.0660 after 1.0643 hit on EBS overnight, choppy trade early

  • 1.0698 hit on EBS after S&P Global PMI nZON007FR5 as rates EDZ3 softened

  • Gains eroded as risk sentiment soured & US$ gained; USD/CNH neared 6.8900

  • Equities ESv1 dropped & yields US2YT=RR lifted to reinforce risk-off

  • EUR/USD fell & neared 1.0640, pair traded down -0.40% late in the session

  • Techs are bearish; RSIs falling, monthly inverted hammer candle in place

  • For more click on FXBUZ






Source:
Refinitiv IFR Research/Market Commentary

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