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Aug 17 - 08:55 PM

EUR/USD - EUR Outperforms As Bund Yields Soar

By John Noonan  —  Aug 17 - 07:10 PM
  • EUR/USD opens a few pips higher as EUR gained against all the majors

  • EUR/USD resilience due to sharp rise in German bund yields nL8N2ZT21F

  • Resistance is at the 21-day MA at 1.0209 and 10-day MA at 1.0216

  • Support is at the 61.8 of the 0.9952/1.0369 move at 1.0111

  • Range trading likely in Asia as various factors offset

  • Key will be EUR/JPY flows after cross rose over 2% last two days

  • EUR/USD may see short-squeeze while 1,0111 holds on dips

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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