Note

EUR/USD: A BREAK OF 4.5% IN US 10S MAY BE THE KEY SIGNAL TO LOOK FOR A BREAK ABOVE 1.08 – SOCGEN

Alan xi
· Views 49



Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook and how US 10-year yields could impact the pair.

4.5% in US 10s and 1.08 levels in EUR/USD unlikely to be broken today

For Dollar bears, a break of 4.5% in US 10s may be the key signal to look for a break above 1.08 in EUR/USD.

I will be surprised if we can get anywhere close to breaking either level today, but I expect both to break in their own good time.

 


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related