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Jun 16 - 01:55 AM

EUR/USD - Attempt Higher Tempered By Rising US Yields

By John Noonan  —  Jun 16 - 12:05 AM
  • EUR/USD opened +0.28% after USD was a buy the rumour sell the fact on Fed 75 BP hike nL1N2Y302G

  • EUR/USD traded from 1.0445 to 1.0469 early Asia as EUR/JPY buying supported

  • Rally peaked when US Treasury yields moved higher in Asia

  • The 2-year US yield tracked up to 3.26% from 3.19% at the open

  • EUR/USD drifted back to 1.0445 into the afternoon session

  • Resistance is at yesterday's 1.0508 high with sellers tipped around 1.0510

  • Key resistance at 10-day MA at 1.0567 and break would suggest bottom forming

  • Support is at the 2022 low at 1.0349 with buyers tipped at 1.0355/60

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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