EURUSD technical analysis: The EURUSD is stretching to the 200 hour MA. Key target. ...Middle East

If sellers lean, getting back below the 38.2% at 1.1558 would give the sellers more confidence that the high is in place.

Adding fuel to the move has been a softening in U.S. yields, particularly further out the curve. The 10-year yield is now down 0.2 bps, while the 30-year yield has dropped 1.6 bps, helping to pressure the USD and extend EURUSD’s upside run.

This article was written by Greg Michalowski at investinglive.com.

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