EUR/USD opened 0.75% lower at 1.1972 after surging US yields supported USD nL3N2L301S

The US 10-year yield rose 3 BPs to 1.58% in Asia to put pressure on EUR/USD

EUR/USD fell to 1.1951 for fresh 2021 low before bids at 1.1950 held

Heading into the afternoon it was trading 1.1960/65 and still under pressure

A clear break below 1.1950 targets the 61.8 of 1.1602/1.2349 at 1.1887

Resistance is at 10-day MA at 1.2086 with sellers tipped ahead of 1.200

Market looking ahead to US payrolls later today where volatility is expected

A strong US jobs report would potentially push US yields and USD higher

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