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Derived real-time data in partnership with:
Thomson Reuters
Feb 12 - 07:24 AM
EUR/USD - Rally Falters In The Face Of U.S. Yield Rise
First appeared on eFXplus on Feb 12 - 06:00 AM
  • EUR/USD steadily higher from a 1.2242 low to 1.2298 in Asia
  • Opens 1.2283 in Europe and trades 1.2296 before dipping to 1.2259
  • Highs coming close to the 100-HMA which is falling and now 1.2290
  • 21-DMA 1.2330 and Feb 6 low at 1.2314 offer further resistance
  • U.S. yields up strongly again ahead key CPI data Wednesday
  • Support @ Feb 8/9 lows 1.2212/06. 38.2% retrace Nov/Jan rise 1.2162

EUR/USD daily: Click here

US 10/30 yr yields: Click here

Source:
Thomson Reuters IFR Markets
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