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Jun 01 - 08:55 PM

EUR/USD - Opens Lower As Higher US Yields Support USD

By John Noonan  —  Jun 01 - 07:15 PM
  • EUR/USD opens -0.76% after strong US data sent US yields higher nL1N2XO1W0

  • The close below the 10-day MA (1.0696) indicates upward momentum stalled

  • Support at 21-day MA at 1.0594 and break confirms a short-term top in place

  • EUR/USD failed to breach 61.8 of 2022 high/low at 1.0787 - which is now major resistance

  • The 10-day MA @ 1.0696 is closer resistance and sellers are tipped @ 1.0600

  • US Treasury yields in focus ahead of key US non-farm payrolls on Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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