1.3460/65 support is coming back into view as EUR/USD pressure reverts. Soaring US interest rates are a dollar positive across the board this morning as ISM services data suggests payrolls on Friday were no fluke. US 10-year note yields are flirting with 3.99% as we write.
A break of 1.3460 would trigger a head and shoulders pattern and open the way for a further 110 pip decline, on a measured-move basis.
