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Sep 27 - 08:55 PM

EUR/USD - Opens Lower As Higher US Yields Weigh On Price Action

By John Noonan  —  Sep 27 - 07:13 PM
  • EUR/USD opens -0.22% and below 1.1700 as higher US yields underpin USD nL1N2QT1CW

  • Buyers between 1.1680/85 held the dip for the 3rd day out of four

  • Key support is at the 2021 low at 1.1664 and break would encourage fresh selling

  • EUR/USD trending lower with 5, 10 and 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 1.1730 and break eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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