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Sep 28 - 08:55 PM

EUR/USD - Opens Lower On High US Yields - 2021 Low Holds For Now

By John Noonan  —  Sep 28 - 07:29 PM
  • EUR/USD opens 0.10% lower after trading as low as 1.1668

  • USD broadly strengthened on higher US yields and risk sell-off nL1N2QU2GF

  • The 2021 trend low at 1.1664 is holding for the time being

  • EUR/USD is trending lower with the 5, 10 and 21-day MAs in bearish formation

  • Resistance is at the 10-day MS at 1.1715 and break eases downward pressure

  • Selling rallies for eventual break below 1.1660 is the preferred strategy

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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