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EUR/USD finally takes out 1.0700

Well, if there was someone standing in the way of a break below 1.0700 is seems they are not standing there anymore. The EUR/USD has just now fallen below that price point and remains to be seen if fresh sellers will push it lower from here. Perhaps the one thing that is right now standing in the way of that is the slight relapse in US yields this morning and further upside across all the US equity futures. Those are slight dollar negatives, but they do not detract from the data yesterday and the outlook for Fed monetary policy not to change for the time being. The low on the EUR/USD so far has been set at 1.0698 and it does seem a little sticky around this 1.07 handle again this morning 
 

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