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Mar 25 - 03:48 PM

EUR/USD - Upbeat Risk Helps Skittish Bulls Prevail

By Christopher Romano  —  Mar 25 - 02:05 PM
  • Pair slips from 1.0850 area into NY open, longs seem nervous nL1N2BI0K7

  • US$ firm in early NY despite eased US$ funding pressures EURCBS3M=ICAP

  • EUR/USD slides to 1.0785 as bulls seem to lack confidence nL1N2BI0X0

  • Equities rally sharply again & US$ bid fades; upbeat risk sentiment prevails

  • EUR/USD's fall reverses, bulls gain traction, 1.0870 neared late in the day

  • Techs are mixed, monthly RSI falls while daily rises, monthly doji forming







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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