10-year Treasury yields are up slightly to 1.64% currently - the highest it has been in 13 months. There isn't much going on as this is more reflective of some light positioning going into the FOMC meeting decision later in the day.
As much as the Fed wants to walk a tightrope and keep a more dovish tone while not sounding too controlling over recent developments in the bond market, the lack of pushback (once confirmed) is arguably going to be the key takeaway for investors.
Further Development
Analyzing the current trading chart of EUR, I found that sellers are in control today and that there is potential for the test of 1,1840 level.
My advice is to watch for selling opportunities on the rallies with the downside target at the price of 1,1840.
Most recently, the EUR rejected at short term resistance at 1,1910.
Key Levels:
Resistance: 1,1910
Support level: 1,1840
