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Feb 16 - 03:55 PM

EUR/USD - Dollar Bulls Emerge After BTC $50K Break

By Christopher Romano  —  Feb 16 - 01:35 PM
  • Rallies in equities, oil, bitcoin BTC=BTSP sink US$ in Europe am

  • NY opens near 1.2165, bitcoin hits all-time high, breaks $50,600

  • BTC gains fade quickly, US 10-yr yield rallies near 1.29%, US$ bought

  • Upbeat US data nN9N2H701K, yield rally & BTC slide rally US$

  • EUR/USD sinks sharply, falls from 1.21695 (EBS) high to 1.2095

  • Pair nears 1.2115 late but remains down on the session

  • Daily inverted hammer, diverging daily RSI are tech warnings for longs

  • Despite today's pull back dip buying theme likely to persist nL1N2KM1CH

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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