By Christopher Romano — Apr 20 - 01:40 PM
After rallying to 1.09785 on EBS overnight EUR/USD opened NY near 1.0970
US$ buying then drove EUR/USD down to 1.09335 on EBS but buyers emerged
Claims, Philly Fed & housing helped send US rates SRAU3, US$ lower
DE-US spreads US2DE2=RR tightened & prospect of Fed pause & cuts grew
EUR/USD hit a 3-session high of 1.0990, neared 1.0970 on late day US$ buys
EUR/JPY drop below 147.20 helped bring EUR/USD to the late day levels
Techs lean bullish; RSIs rising, pair above 10-DMA, 50% Fib 1.2349-0.9528
US, Euro zone April PMIs are key data risks for Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary