Technical Analysis
EURUSD have big potential to sell around 1.08638. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyers is weakening.
Fundamental Analysis
U.S. Treasury yields fell on Monday as investors awaited the release of key economic data and looked to the Federal Reserve’s meeting scheduled for the week.
At 4:38 a.m. ET, the yield on the 10-year Treasury
was down by over three basis points to 4.1666%. The 2-year Treasury
yield was last at 4.3729% after falling by more than one basis point.
Yields and prices move in opposite directions. One basis point equals 0.01%. DISCLAIMER: The information on this analysis is based on research and experience, and it is not guaranteed to be accurate