* US TSY 30Y BOND AUCTION: HIGH YLD 4.750%; ALLOT 1.20% * US TSY 30Y BOND AUCTION: DEALERS TAKE 5.88...
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A short-term bearish theme in EURUSD remains intact. Last week’s move down resulted in a breach of support at 1.1659, the Jan 5 low. The sell-off cancels a recent reversal signal and suggests a bearish theme appears likely to dominate near-term. Sights are on 1.1598, a Fibonacci retracement. Initial resistance is at 1.1702, the 20-day EMA. A clear break of the average would highlight another possible reversal signal.