By Christopher Romano — Feb 04 - 01:35 PM
Pair falls in Europe am on broad based US$ buys, NY opens near 1.1990
US$ buys persist as US 10-yr yield & inflation expectations rise
US equity gains likely drive further investor flows into US$
An early EUR/USD lift near 1.2000 meets sellers, slide ensues
Pair breaks below 1.1975 barrier & 50% Fib of 1.1602-1.2349
Daily cloud base pierced, 1.1955 trades (EBS) before small bounce ensues
Techs remain bearish, RSIs imply bearish momentum is intact
EUR/USD longs face bearish risks nL1N2KA1RL, US jobs report looms
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Source:
Refinitiv IFR Research/Market Commentary