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Dec 21 - 01:55 PM

EUR/USD - Shorts Rule The Day

By Christopher Romano  —  Dec 21 - 01:30 PM
  • NY opened near the 10-DMa after a choppy overnight session, rally ensued

  • Equity ESv1, commodity LCOc1 gains & US rate EDZ3 drop buoyed risk

  • Early US$ selling helped EUR/USD rally to a 1.0646 session high on EBS

  • US rates, US$ firmed; USD/CNH rallied above 6.9955, commodity gains eroded

  • EUR/JPY fell from its 140.76 EBS high and sat near 140.25 late in the day

  • EUR/USD turned negative; pair hit 1.0590 on EBS and sat nearby late

  • Techs are mixed; daily RSI rising but monthly is falling, 10-DMA pierced

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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