EUR/USD On A Bearish Dip
Tickmill | Jan 21, 2022 03:59AM ET
EUR/USD higher after early dip as US yields slip. EUR/USD opened at 1.1311 after a bearish outside day candle formed.
It eased to 1.1301 early Asia before tracking higher the rest of the morning. The 10-Year US yield eased to 1.77% and underpinned the pair.
EUR/USD traded as high as 1.1335 before settling around 1.1325/30. Support is at a trend-line at 1.1284, with buyers tipped between 1.1230/50.
Resistance is at the 100-day MA at 1.1481, and a break renews upward pressure.
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