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Jan 09 - 07:55 PM

EUR/USD - Opens Higher As US And EZ Yields Diverge

By John Noonan  —  Jan 09 - 06:10 PM
  • EUR/USD opens +0.82% after making a 6-month high at 1.0760

  • US yields continued to ease while EZ yields firmed on Monday nL1N33U1T7nL1N33U0LI

  • EUR/USD traded above 61.8 of 2022 fall @ 1.0743 to re-ignite trend higher

  • The 5, 10 and 21-day MA have aligned in a bullish formation

  • Support is at the 10-day MA at 1.0643 and 21-day MA at 1.0633

  • Resistance is at the May 30 peak at 1.0787

  • EUR/USD may consolidate gains ahead of Powell speech later on Tuesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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