Runs above tnend line and 100 bar MA on the 4-hour chart.
Yields are moving lower with the 10 year down -5.7 bps. In addtion the 3 month to 10 year inverted for the 1st time since March.
That has led to some weakness in the USD. The EURUSD got a boost after breaking above its 100 bar MA on the 4-hour and trend line (see chart above) at 1.1205 area. Shorts covered and new longs entered.
Looking at the daily chart, the price is also moving above its topside trend line at 1.1224. That level is close risk now for the longs/buyers.
The USDCHF is also moving lower and to new session lows. The USDJPY also traded to new sesson lows.
