EUR/USD choppy as Bund yields rise above 1 %

  • EUR/USD touched a high of 1.1380 earlier, as the German 10 year yield broke above 1 % and reached 1.05 %
  • Intraday volatility remains high; likely to persist, as bond markets continue to be nervous as well
  • From here the next big resistance comes at 1.1450 and then 1.1530

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