EURUSD & US 10-yr Yields

by Ashraf Laidi

Feb 4, 2009 12:32

Thw rally in long US yields could trigger further EUR pullbacks... as the 2 1/2 month highs in US yields may be extended on expectations of temporary stability in US data, which could drive EURUSD back down towards interim support of $1.2780s, but key foundation at 1.2660 seen still holding. 100-day MA in 10 yr yields has yet to be attained, especially that no breach has been seen since September. 3.10% seen holidng for now.

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