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Oct 04 - 01:55 AM

EUR/USD - Pinned Near Lows As US Yields Keep Pressing Higher

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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