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Jan 10 - 10:55 PM

EUR/USD - Moves Higher As US Yields Dip Ahead Of Powell

By John Noonan  —  Jan 10 - 10:05 PM
  • EUR/USD opened -0.28% at 1.1330 after broadly gained in a choppy start to the week nL1N2TQ1TQ

  • After trading at 1.1323 the EUR/USD tracked higher as US yields moved lower

  • The 10-year US yield eased to 1.76% from the NY closing level at 1.78%

  • EUR/USD traded as high as 1.1343 before settling just below 1.1340

  • EUR/USD resilience frustrating EUR/USD bears ahead of Powell testimony nL1N2TR037

  • Key resistance is at the 55-day MA at 1.1365 and break would be bullish

  • Support at trend-line at 1.1265 and break would reignite trend lower

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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