EUR/USD: A break of 4.5% in US 10s may be the key signal to look for a break above 1.08 – SocGen

Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook and how US 10-year yields could impact the pair.

4.5% in US 10s and 1.08 levels in EUR/USD unlikely to be broken today

For Dollar bears, a break of 4.5% in US 10s may be the key signal to look for a break above 1.08 in EUR/USD.

I will be surprised if we can get anywhere close to breaking either level today, but I expect both to break in their own good time.