By Christopher Romano — Jan 21 - 01:35 PM
• NY opened near 1.0355 after EUR/USD traded 1.04343-1.0353 on EBS overnight
• The US$ buying the drove that overnight slide abated into NY's open
• EUR/USD rallied & turned positive; USD/CNH drop below 7.2600 aided the rally
• Soft US yields , gold & equity gains also buoyed
• EUR/USD traded near 1.0425 late, pair was up +0.08% late in the session
• Daily techs lean bullish; 5- & 21-DMAs, structural support near 1.0340 held
• Monthly bull hammer candle & rising monthly RSI reinforce bullish signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters