By John Noonan — Aug 28 - 10:05 PM
EUR/USD is trading around 1.0835 and getting a boost in easing US yields
The US 2-year yield down 5bps to 4.988% and 10-year down 2 bps to 4.188%
Moves in US Treasury yields likely position adjustments ahead of key data
EUR/USD resistance is at the 10-day MA at 1.0848 where selling is tipped
Key resistance is at the 21-day MA at 1.0906 and break would end trend lower
Support is at the 200-day MA at 1.0809 with buying eyed 1.0790/1.0800
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary