EUR/USD recovered modestly toward 1.0500 after touching its lowest level of 2023 below 1.0450. The pair's near term technical outlook suggests that th
e bearish bias stays intact, with a potential for an upward correction. preserve its strength on Tuesday and didn't allow EUR/USD to gain traction. In addition to the ongoing US bond sell-off, hawkish Federal Reserve bets helped yields stretch higher as investors reacted to tightening conditions in the labor market. The data published by the US Bureau of Labor Statistics revealed that the number of job openings on the last business day of August stood at 9.6 million, much higher than 8.
Immediate support is located at 1.0475 before 1.0450 and 1.0420 .Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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