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Sep 16 - 03:55 PM

EUR/USD - The August Low Is In Play After US Data

By Christopher Romano  —  Sep 16 - 01:42 PM
  • Broad based US$ buying sinks EUR/USD in Europe, NY opens near 1.1770

  • US interest rates, US$ rally on big upside data surprises nL1N2QH2FM

  • EUR/USD falls further, trades to 1.17505 on EBS before slightly bouncing

  • US$ bid persists after Europe's close, EUR/USD near the low late in the day

  • Techs are bearish; Pair below daily cloud, 21- & 50-DMAs, RSIs falling

  • Monthly inverted hammer candle suggests EUR/USD shorts are in charge

  • US data lengthens list of EUR/USD downside risks nL1N2QI1GM

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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