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Feb 13 - 12:12 PM

EUR/USD - Shorts Are Making It Look Easy

By Christopher Romano  —  Feb 13 - 10:40 AM
  • US claims & CPI data keep UST yields & US$ buoyed, EUR/USD sinks further

  • Euro offered against many major currencies, especially EUR/GBP & EUR/JPY

  • EUR/USD shorts easily break 1.0875 barrier yesterday, 1.0850 barrier today

  • May 2017 low also breaks, next support is 1.0800 psychological level

  • Techs imply more downside, 1-mo EUR/USD risk reversals EUR1MRR= do as well

  • 1.0800 barrier likely, if breaks next big support is April 2017 low (1.0570)







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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