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Article By: Marc Chandler
Thursday, February 23, 2017 6:24 AM EST
The US dollar is confined to narrow ranges today within yesterday's ranges. Equity markets posted small gains in Asia and have an upside bias in Europe. Peripheral European 10-year benchmark yields are 3-6 bp firmer.
Article By: Chris Svorcik
Thursday, February 23, 2017 4:42 AM EST
The EUR/USD indeed made a bullish bounce yesterday at the support Fibonacci levels of wave X. Price could now be building a complex WXY correction within a larger wave 2 unless price breaks below the 138.2% Fib level (invalidation).