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Thomson Reuters
Oct 03 - 08:36 PM
EUR/USD - Bearish Outside Day As 10-Year US Yield Soars
First appeared on eFXplus on Oct 03 - 05:45 PM
  • The huge 12 pip rise in the 10-year US yield sent the USD broadly higher
  • Higher US yields trumped better news on Italy and led to bearish outside day
  • Break and close below 61.8 fibo of 1.1301/1.1815 at 1.1497 is bearish
  • EUR/USD trending lower and the objective of move is another test of 1.1300
  • Resistance and sellers now at former support at 1.1500/20

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