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EURUSD targets pre FOMC levels

CROSS ASSET
  • A Positive start for the Dollar, despite the risk on tone and the move lower in Yield.
  • The Dollar is up against all G10, although leaning flat versus the CAD, SEK and the AUD going into the European session.
  • Overall, US 10yr Yield is still trading above the 4% mark and traded at its highest level since mid December this week.US TYH4 has in turn failed to break this week's high following the US Data Yesterday, and immediate resistance for the contract remains at the 111.21.
  • USD leads against the EUR in G10s, up 0.24%, which is now through the January low, and targets 1.0790 in EURUSD, not a tech level, but where it was trading pre FOMC on the 13th December.

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