It's tough to pick at support levels for EUR/USD at the moment and that is the danger for the pair as any further drop could well be exacerbated by the lack of supportive elements.
A hotter dollar continues to make a case for a downside move in the pair, especially with the selloff in the bond market in December. That's certainly a spot to be mindful about even if there might be a short-term retracement in January. 10-year yields in the US are down 4 bps to 4.536% today while 10-year yields in the UK are down 1.5 bps to 4.558% currently.
Hence then, the article about euro sterling in retreat mode to start the new year was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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