By John Noonan — Oct 03 - 11:10 PM
EUR/USD opened -0.10% at 1.0467 as rising US yields kept the pressure on nL1N3B91V6
It ranged 1.0460/75 in Asia and is just above the low into the afternoon
EUR/USD unable to correct as US yields keep pressing higher
The 10-year US yield rose in Asia to 4.84% from NY close at 4.80%
EUR/USD support at 50% of 0.9528/1.1276 move at 1.0402
It is trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at 10-day MA at 1.0552 and break would ease downward pressure
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Source:
Refinitiv IFR Research/Market Commentary