EURUSD trades to a new session low

<figure data-media-><img src="https://images.forexlive.com/images/EURUSD_id_8ed50d9f-e6f6-4941-823a-6d1c09a62ef9_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/EURUSD_id_8ed50d9f-e6f6-4941-823a-6d1c09a62ef9_original.jpg" /><figcaption><div>EURSUD moves to new lows</div></figcaption></figure><p><br></p><p>The EURUSD is trading to a new session low of 1.0856. That&nbsp;comes after breaking below a swing area between 1.0878 and 1.0887. </p><p>US yields are trading at new highs with the 10-year now higher on the day up 0.8 basis points at 4.425%. The 2-year yield is up 4.4 basis points to 4.929%.</p><p>The low price last Friday reached 1.0824 and that will be the next target on the downside. Below that is the 200-day moving average 1.08078. </p><p>Looking at&nbsp;the daily chart below, the price on Tuesday extended above the 61.8% retracement of the 2023 trading range at 1.0959, but after reaching a new high going back to August 11 of 1.0964, momentum stalled, and buyers turned to sellers. The price is now breaking back below the 50% of the 2023 range at 1.08619.&nbsp; Staying below that level will keep the sellers in control.&nbsp;</p><figure data-media-><img src="https://images.forexlive.com/images/EURUSD_id_eff2a1a7-1bed-4cc8-bdd2-701a185db3ce_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/EURUSD_id_eff2a1a7-1bed-4cc8-bdd2-701a185db3ce_original.jpg" /><figcaption><div>EURUSD</div></figcaption></figure><p><br></p><p><br></p>

This article was written by Greg Michalowski at www.forexlive.com.