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Oct 11 - 08:55 PM

EUR/USD - Opens Unchanged As Rally Attempt Thwarted By BOE Comments

By John Noonan  —  Oct 11 - 06:40 PM
  • EUR/USD opens unchanged around 0.9705 after NY rally stalled at 0.9774

  • Early gains supported by fall in US 10-yr yields from 4.00% to 3.87%

  • The 10-year yield moved back up to 3.95% after BOE signalled end of Gilt support nL8N31C5ND

  • EUR/USD resistance is at the 10-day MA at 0.9796 and 21-day MA at 0.9821

  • Major resistance is at a trend-line from Fed that comes in at 1.0019

  • Support is at yesterday's 0.9670 low and 2022 trend low at 0.9528

  • EUR/USD may consolidate ahead of key US CPI on Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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