The US Treasury yield curve flattening continues. The 10’s/7’s curve could invert soon – which is widely considered an advance indicator for a US recession. Fears of yield curve inversion could put a bid under the EUR/USD pair. The EUR/USD is on the defensive, having failed to take out the bearish (falling) 5-day moving average (MA) in Asia, however, the pair may pick up a bid in Europe on fears the US treasury yield curve could invert soon. As of writing, the spread or the difference between the US 10-year treasury yield and the 7-year treasury yield stands at 3.5 basis points and could soon turn negative (inverted yield curve) if the US-China trade tensions escalate. An inverted yield curve is widely considered as a sign the economy is heading for a recession. Also, 10’s/7’s curve continues to flatten in the USD-negative manner, i.e. the spread between the 10-year Treasury yield and the 2-year yield fell to 34 basis points in Asia – the lowest level since August 2007. Hence, the greenback may find offers. That said, only a convincing move above the ECB day high of 1.1852 would put the EUR bulls back into the driver’s seat. EUR/USD Technical Levels Resistance: 1.1644 (previous day’s high), 1.1852 (Thursday’s high), 1.1893 (falling 50-day moving average). Support: 1.1531 (previous day’s low), 1.1510 (May 29 low), 1.1404 (200-week moving average). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD continues to drip towards 1.30 with a quiet day ahead FX Street 5 years The US Treasury yield curve flattening continues. The 10's/7's curve could invert soon - which is widely considered an advance indicator for a US recession. Fears of yield curve inversion could put a bid under the EUR/USD pair. The EUR/USD is on the defensive, having failed to take out the bearish (falling) 5-day moving average (MA) in Asia, however, the pair may pick up a bid in Europe on fears the US treasury yield curve could invert soon. As of writing, the spread or the difference between the US 10-year treasury yield and the 7-year treasury yield stands at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.