By John Noonan — Aug 02 - 07:00 PM
EUR/USD opens -0.90% after reversal higher in US yields underpinned USD
Hawkish Fed comments caught market out and led to USD short-covering nL1N2ZE2OO
EUR/USD reversed lower after false break above 1.0280 during Asian session
The close below Monday's 1.0195 low resulted in bearish outside day
Support is at the 21-day MA at 1.0158 and July 27 low at 1.0097
Resistance is at the 10-day MA at 1.0200 and break would ease pressure
Key in Asia will be EUR/JPY flows out of Tokyo
Broad USD moves look set to track volatile US Treasury yields for now
For more type (FXBUZ)
Source:
Refinitiv IFR Research/Market Commentary