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Jan 12 - 07:55 PM

EUR/USD - Bounces From Support As US Yields Slip

By John Noonan  —  Jan 12 - 05:49 PM
  • EUR/USD held above 1.2130 support and 0.48% higher at 1.2207

  • Bounce coincided with the US 10-year yield slipping from 1.18% to 1.13% nL1N2JN2DK

  • Resistance at 21-day MA at 1.2228 and break would increase upward pressure

  • Decent support has formed between 1.2130/40 shere buying is tipped

  • EUR/USD likely to consolidate with US Treasury yields providing direction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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