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Nov 12 - 07:55 PM

EUR/USD - Opens Modestly Higher As US Yields Fall

By John Noonan  —  Nov 12 - 05:55 PM
  • EUR/USD opens +0.21% - underpinned by 8 BP fall in the 10-year US yield

  • EUR/USD correlation with risk turned inverse, as focus back on yield spreads

  • Support at 1.1775/80 where the 10,21 and 55-day MAs converge

  • Resistance @ yesterday's 1.1823 high with selling tipped ahead of 1.1850

  • EUR/USD likely to remain in range, as market seeks fresh catalysts

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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