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Aug 28 - 11:55 PM

EUR/USD - Moving Higher In Asia As US Yields Continue To Slip

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

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