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Apr 12 - 01:55 AM

EUR/USD - Heavy Tone As US Yields Continue To Track Higher

By John Noonan  —  Apr 11 - 11:50 PM
  • EUR/USD opened 1.0883 after getting underpinned by EUR/JPY buying

  • US yields moved higher in Asia with the 10-year yield trading to 2.83%

  • USD moved higher and the EUR/USD traded down to 1.0866 at one stage

  • Heading into the afternoon it was settled between 10870/75

  • Resistance is 1.0955 where yesterday's high and 10-day MA converge

  • Support is at last week's 1.0836 low and March 7 trend low at 1.0806

  • EUR/USD likely tor remain capped while US yields continue to press higher

  • Range may be limited ahead of ECB meeting Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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