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Apr 18 - 08:55 PM

EUR/USD - Opens Lower As US Yields Rise And Harden Down-Trend

By John Noonan  —  Apr 18 - 07:20 PM
  • EUR/USD opens -0.27% after rise in US yields underpinned USD nL2N2WG15HnL2N2WG0SS

  • EUR/USD in trend lower with 5, 10 & 21-day MAs in bearish alignment

  • Resistance at 10-day MA at 1.0998 and break would relieve downward pressure

  • Support at Friday's 1.0758 low with the objective @ 2020 trend low @ 1.0636

  • EUR/USD to remain under due to diverging central bank expections

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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