By Christopher Romano — Mar 16 - 01:43 PM
Pair rallies above the 10-DMA in Europe am, NY opens near 1.1950
1.1952 (EBS) trades then pair falls despite weak US data nL1N2LE10Z
Euro falls against most major ccys, EUR/JPY hits 129.49 EBS low
EUR/USD runs stops below 1.1910, trades to a 1.1882 EBS low
US$ then falls after a solid 20-yr Treasury auction nIfp7sKRnd
EUR/USD bounces to 1.1910 but still trades lower on the session
Longs face downside risks, will need the Fed to help out nL1N2LE1FF
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Source:
Refinitiv IFR Research/Market Commentary