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Sep 27 - 03:55 PM

EUR/USD - Risk Shift Keep The Shorts In Check

By Christopher Romano  —  Sep 27 - 02:11 PM
  • EUR/USD drops in Europe am, 1.1685 hit on EBS, NY opens near 1.1690

  • Pair near session's low in early NY as US rates rise, stocks ESv1 sink

  • Risk improves a bit, US$ & yen sold, EUR/JPY lifts to 129.91 on EBS

  • EUR/USD erases some of its overnight losses, nears 1.1710, sits nearby late

  • Techs are bearish; RSIs are falling, monthly inverted hammer in place

  • Any EUR/USD upside that ensues should be limited nL1N2QT19L

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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