Forex Signal Alert: Yield Surge Pressures EUR/USD Pullback
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Benchmark 10-year Treasury yields are pushing toward the 5% threshold after a weak 30-year auction and hotter wholesale inflation data, reinforcing dollar demand. Combined with oil prices at their highest since May, the macro backdrop favors near-term USD strength against EUR/USD.
Trade Setup: Entry 1.1630, Take Profit 1.1560, Stop Loss 1.1660. Risk/Reward: roughly 2.33:1. This counter-trend fade targets a retracement toward the 1.1604 support zone before any renewed ECB-driven bid resumes.