By Christopher Romano — Aug 31 - 01:35 PM
EUR/USD opened NY near 1.0875 after dropping in overnight trade
1.0885 hit on EBS after ECB minutes, PBOC adjustment to mortgage rates
Gains faded however & EUR/USD fell below the 10-DMA then hit 1.0836 on EBS
Drop aided by US$ lift, EUR/JPY fall to 157.65 on EBS, equity ESv1 slip
EUR/USD longs taking profit ahead of US August jobs report also weighed
Pair traded down -0.73% late which gave technicals a bearish lean
Falling RSIs, hold below 55-DMA & daily cloud are bearish signs
An upbeat US jobs report could drive EUR/USD back below the 200-DMA
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary