Analysts at TD Securities (TDS) offer their view on trading the EUR/USD pair in the near-term, with the focus back on the 10-year Treasury yields.
Key Quotes:
“The selloff in Treasuries was not driven by fundamentals, but instead could be a function of duration supply due to a potential corporate deal or foreign selling (to fight against capital outflows). Markets will focus on the 3.20 technical level in 10s ahead of payrolls.
We continue to monitor key support at 1.1500/25 in EURUSD. Failure to hold could open a new lower trading range towards 1.13. In contrast, 1.1650 may be an attractor if a sharper squeeze higher emerges.”
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