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Mar 16 - 03:55 PM

EUR/USD - Bulls Run Into The Same Old Impediment

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

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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