By Christopher Romano — Apr 16 - 01:40 PM
NY opened near 1.0625 after 1.06025 traded on EBS overnight, rally extended
Pair hit 1.06535 with help from EUR/JPY rallying to 164.655 & some US$ sales
Pair turned down again however, yields US10YT=RR & US$ firmed again
Comments from Fed Chair Powell helped drive EUR/USD to a fresh 5-month low
Stocks ESv1 sank and gold XAU= erased some earlier gains
EUR/USD traded 1.06013 on EBS, was down-0.20% late in the session
Techs are bearish; RSIs are falling, monthly inverted hammer in place
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary