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Feb 03 - 03:55 PM

EUR/USD - Data Helps Erase Early Week Gains

By Christopher Romano  —  Feb 03 - 01:35 PM
  • EUR/USD rallied to 1.0940 on EBS in early NY but then turned lower

  • Upbeat jobs nL1N34I2TY, ISM non-mfg PMI nN9N32B01A lifted US rates

  • UST 2-yr yield US2YT=TWEB gains buoyed US$; USD/CNH neared 6.8000

  • Stocks ESv1 and commodities XAU= fell as risk-off took control

  • EUR/USD fell below the 21-DMA, hit 1.0808 & sat just above late in the day

  • Techs warn longs; RSIs falling, monthly inverted hammer candle formed

  • Downside risks grow as payrolls highlight shifting Fed view nL1N34J1E6

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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