By John Noonan — Jul 06 - 11:55 PM
EUR/USD opened -0.79% at 1.0183 after USD supported by rising US yields nL1N2YN1TX
After trading to 1.0176 the EUR/USD attained a bid tone late morning
Asian markets were upbeat with the AXJ index rising 0.85
EUR/USD traded to 1.0212 and is aro0und 1.0205 into the afternoon
EUR/USD is trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment
No support ahead of 76.4 fibo of all-time low/all-time high at 1.0071
Resistance @ yesterday's 1.0277 high & break targets former support @ 1.0340/60
Trend is lower and market is keenly focussed on targeting parity
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Source:
Refinitiv IFR Research/Market Commentary