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Oct 05 - 08:55 PM

EUR/USD - Opens Slightly Lower After US Yields Moved Higher

By John Noonan  —  Oct 05 - 06:36 PM
  • EUR/USD opens -0.20% after trading as low as 1.1581 as higher US yields weighed nL1N2R11MR

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

  • Resistance is at the 10-day MA at 1.1642 and break eases downward pressure

  • Support is at the double-bottom at 1.1560/65 where bids are eyed

  • EUR/USD may remain in range until US non-farm payrolls on Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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