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Apr 11 - 01:55 AM

EUR/USD - Tracks Higher As US Yields Slip And Asia Buys Risk

By John Noonan  —  Apr 10 - 11:50 PM
  • EUR/USD opened -0.33% @ 1.0861 after USD broadly moved higher with US yields nL1N36D1LX

  • USD attained an offered tone early Asia when US yields eased from NY highs

  • Buoyant equities added to the US dollar weakness as the AXJ index rose 0.72% nL8N36E06Z

  • EUR/USD trading 1.0880 - below session high @ 1.0887 into the afternoon

  • Resistance is at the 10-day MA at 1.0892 and Monday's high at 1.0917

  • Support is at the 21-day MA at 1.0814 and close below would end trend higher

  • EUR/USD may consolidate ahead of the US CPI on Wednesday

  • Central bank expectations likely to determine short-term direction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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