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Spike in US 10-year yields could push the Euro below 1.18 – EUR/USD Market Outlook – 14/08/2020


The Euro lost most of its gains yesterday as the Dollar found some bid towards the end of the US session after the 10-year US treasury yields increased as high as 0.73. However, the Single currency bulls will remain in control as long as price remains above the 50-period SMA, for a probability to revisit 1.1850. Having said that, the shared currency may come under pressure, if the Eurozone GDP shows a bigger-than-expected economic contraction in the second quarter.

Support: 1.18/ 1.17
Resistance: 1.1850 / 1.19

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/spike-in-us-10-year-yields-could-push-the-euro-below-1-18-eur-usd-market-outlook-14-08-2020
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