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Jan 11 - 07:55 PM

EUR/USD - Opens Lower As Higher US Yields Spark Correction

By John Noonan  —  Jan 11 - 05:43 PM
  • EUR/USD opens 0.57% lower, as USD continues to broadly recover

  • Higher US yields a key catalyst in convincing EUR/USD longs to pare back

  • EUR/USD traded as low as 1.2132 with support at Dec 21 low at 1.2130

  • A break below 1.2130 puts 38.2 of the 1.1602/1.2349 move @ 1.2063 in focus

  • Resistance is at former support at 21-day MA at 1.2223

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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