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EUR/USD eases ahead of Wall Street’s opening but holds within familiar levels. US Treasury yields are standing around fresh one-year highs while the dollar resumes its advance, Valeria Bednarik, Chief Analyst at FXStreet, reports.

Key quotes

“Stocks are up, although just marginally. Treasury yields are ticking higher ahead of Wall Street’s opening, providing support to the American dollar.”

“Germany published the final version of its Q4 Gross Domestic Product, which was upwardly revised to 0.3% from 0.1%. The US will publish January New Home Sales, foreseen up by 2.1%. Fed’s head Powell will repeat its testimony before a different commission.”

“In the near-term, the pair is piercing its 20 SMA while holding above bearish 100 SMA and 200 SMA. Technical indicators turned south within positive levels, skewing the risk to the downside without confirming a new leg south.

 

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