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Jan 24 - 04:55 PM

EUR/USD - Dips Still Bought Ahead Of Slew Of US Data

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

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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