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Oct 17 - 03:55 PM

EUR/USD - Upbeat Risk Drives Break Of Key Resistance

By Christopher Romano  —  Oct 17 - 01:35 PM
  • NY opened near 0.9750 after choppy European trading, rally then ensued

  • US rates EDH3 softened, US data added weight nN9N2YW00S, buoyed risk

  • Risk-on sentiment drove equities ESv1 up & volatility .VIX lower

  • Safe-havens sold; USD/CNH neared 7.1900, EUR/JPY hit 146.565 on EBS

  • EUR/USD rallied above the 10- & 21-DMAs, broke the Oct 7. daily high

  • Stops triggered, buying intensified, EUR/USD hit 0.9852 on EBS

  • Techs lean bullish; RSIs rising, pair above the 10- & 21-DMAs

  • EUR/USD gains increase risk testing parity or above nL1N31I13Z

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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