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Aug 17 - 09:55 PM

EUR/USD - Opens Flat As EZ Yields Keep Pace With Rising US Yields

By John Noonan  —  Aug 17 - 08:05 PM
  • EUR/USD opens just 10 pips lower after a relatively quiet session

  • US yields continued to march higher, but EZ yields kept pace nL1N39Y21MnL1N39Y0MK

  • EUR/USD trend lower in place with 5, 10 & 21-day MAs in a bearish alignment

  • Only a break above the 10-day MA at 1.0929 would suggest a bottom is forming

  • Support is at daily lows at 1.0835/45 and the 200-day MA at 1.0791

  • EUR/USD has been above the 200-day MA all of 2023 and break would be bearish

  • EUR/USD likely to consolidate in Asia as the focus will be on regional currencies

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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