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Jul 02 - 03:55 PM

EUR/USD - Jobs Data Gains Give Way To Safe-Haven Buys

By Christopher Romano  —  Jul 02 - 01:35 PM
  • Pair gains in Europe's morning as upbeat risk drives US$ & yen sales

  • NY opens near 1.1280 after pair traded a 1.1302 high on EBS

  • Risk rallies on upbeat jobs nL1N2E90ON; EUR/JPY hits 121.44 high (EBS)

  • EUR/USD lifts to 1.12975 NY high (EBS) but a reversal takes hold

  • Equity gains erode while US$ & yen buyers emerge, EUR/USD trades to 1.1224

  • Small bounce near 1.1240 late but pair still down small on the day

  • Daily, monthly tech signals conflict a bit but bulls likely to reign

  • Bullish factors for EUR/USD remain, dips likely to be bought nL1N2E915A

  • For more click on FXBUZ














eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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