By Christopher Romano — Jan 24 - 01:40 PM
EUR/USD hit 1.0898 on EBS overnight, NY opened near 1.0870, slide extended
US rate EDZ3, US$ gains helped drive EUR/USD down to 1.08355 on EBS
Buyers emerged near the 10-DMa as risk sentiment improved a bit
Yields US2YT=RR & USD/CNH slid, stocks ESv1 & commodities HGv1 lifted
EUR/USD turned positive, struck 1.08885 on EBS, sat nearby late in the day
Techs are bullish; daily, monthly bull hammers in place, RSIs are rising
Unflappable EUR/USD longs holding on even as risk sours nL1N3491DS
US Dec. Durable goods, weekly claims, Q4 GDP & PCE data risks loom
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Source:
Refinitiv IFR Research/Market Commentary