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Jun 11 - 01:55 AM

EUR/USD - Edges Higher In Asia As US Yields Pressured

By John Noonan  —  Jun 10 - 11:56 PM
  • EUR/USD opened unchanged at 1.2176 after whippy US session

  • Break lower in US yields offset dovish ECB and hotter US CPI nL2N2NS1CSnL2N2NS1CSnL2N2NS0FH

  • EUR/USD traded in a 1.2171/91 range and is near high into the afternoon

  • USD weighed down by US 10-year yield remaining at cycle low around 1.43% nL3N2NT04R

  • EUR/USD resistance is at top of pennant at 1.2236 with sellers above 1.2200

  • Support is at bottom of pennant at 1.2133 and break eases upward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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