• Rising US bond yields behind the leg lower of the euro
• Also rising odds of interest rate hike by the Fed earlier than expected
• Pair approaching first trend line support at 1.2050
• Breaking the first line exposes the second trend line support at 1.1950
• Also rising odds of interest rate hike by the Fed earlier than expected
• Pair approaching first trend line support at 1.2050
• Breaking the first line exposes the second trend line support at 1.1950
Ramzi Abou Abdallah, CFTe, CMT
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