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Nov 03 - 03:55 PM

EUR/USD - Upbeat Risk Drives Position Adjustments Ahead Of U.S. Election Results

By Christopher Romano  —  Nov 03 - 01:45 PM
  • Risk-on sinks safe-havens in Europe am, NY opens near 1.1695 nL1N2HP175

  • EUR/USD rally extends in NY on equity .SPX, oil LCOc1, EUR/JPY rallies

  • Yen sales drive EUR/JPY to 122.75 (EBS), US$ sales lift EUR/USD to 1.17395

  • EUR/USD stalls short of 50% fib of 1.18805-1.1622 & 10-DMA, dip ensues

  • Pair slips below the daily cloud base, sits near 1.1705 late in the day

  • Today's short covering might have given bears an opportunity nL1N2HP1AS

  • U.S. election risk looms, a tight result lilkely leads to uncertainty

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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