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
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Source:
Refinitiv IFR Research/Market Commentary