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Dec 07 - 03:55 PM

EUR/USD - Upbeat Risk Leads To Euro Shunning

By Christopher Romano  —  Dec 07 - 01:43 PM
  • EUR/USD hits 1.12985 on EBS in Europe am but sellers emerge

  • Upbeat risk leads investors to seek riskier assets, euro is sold

  • Equities ESv1, oil LCOc1, yields US2YT=RR rally on the session

  • EUR/USD falls & intensifies after US trade data nL1N2SS187

  • 2-year DE-US spreads widen & Nov 30 EUR/USD daily low breaks

  • EUR/USD hits 1.1228 on EBS, bounces & sits near 1.1250 late in the day

  • Techs are bearish; RSIs are falling, pair below 61.8% Fib of 1.0636-1.2349

  • EUR/USD investors should eye a key correlation ahead of CPI nL1N2SS1IJ

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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