By John Noonan — Jan 12 - 05:49 PM
EUR/USD held above 1.2130 support and 0.48% higher at 1.2207
Bounce coincided with the US 10-year yield slipping from 1.18% to 1.13% nL1N2JN2DK
Resistance at 21-day MA at 1.2228 and break would increase upward pressure
Decent support has formed between 1.2130/40 shere buying is tipped
EUR/USD likely to consolidate with US Treasury yields providing direction
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Source:
Refinitiv IFR Research/Market Commentary