By Christopher Romano — Sep 15 - 01:40 PM
EUR/USD opened NY near 1.0655 after rallying overnight, rally extended
1.0688 hit on EBS despite US yield US2YT=RR, US$ gains after data
Pair held most of the days gains on short covering, lower USD/CNH
Equity ESv1, commodity DCIOc2 drops couldn't counter short covering
Daily RSI is rising which implies short term upward momentum
Monthly techs remain bearish however, rallies are likely to be sold
September global PMIs due next week, if Europe's is weak euro may fall
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Source:
Refinitiv IFR Research/Market Commentary