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Euro gains limited despite the risk-on sentiment in equities – EUR/USD Market Outlook – 09/10/2020


The Euro remains subdued below 1.18 despite the risk-on sentiment in equities, as the 4-month breakout on the 10-year US Treasury yield is limiting any further gains on the pair and keeping it in a narrow range between the 50 and the 200-period SMAs. If the yield continues to rise, the focus will likely shift to the widening US-German yield differential and possibly reverse the pair to the downside.

Support: 1.1755 / 1.17
Resistance: 1.18 / 1.1870

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-gains-limited-despite-the-risk-on-sentiment-in-equities-eur-usd-market-outlook-09-10-2020
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