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Jun 20 - 08:55 PM

EUR/USD - Opens Slightly Higher As EZ Yields Rise

By John Noonan  —  Jun 20 - 07:20 PM
  • EUR/USD opens 0.19% higher at 1.0510 after topping out at 1.0545

  • Pair moved higher when DE 10-year yield moved up on higher inflation expectations nL8N2Y71F2

  • EUR/USD opens near the 10-day MA at 1.0518 after breaching it yesterday

  • Key short-term resistance is at the 21-day MA at 1.0623

  • EUR/USD trend lower losing momentum as 5-day MA turning higher

  • Support is at yesterday's 1.0470 low as break ends 3-days of higher lows

  • Action in Asia likely to be subdued after US holiday Monday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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