EUR/USD: Next stop on the downside aligns at 1.1280/70 .

EUR/USD fell sharply on Tuesday and lost more than 0.70%. Economists at OCBC expect the world’s most popular currency pair to test the 1.1280/70 support, then 1.1230/20. “EUR/USD finally started to react to yield differentials on Tue after the bounce higher in UST yields. “The sharp decline puts the 1.1270/80 and 1.1220/30 supports back into the picture, and the downside move may not have fully played out just yet.” “Expect the pair to be USD-driven for now.”EUR/USD holds steady above 1.1300 as US dollar tracks yields lowerEUR/USD holds steady above 1.1300 as US dollar tracks yields lower.EUR/USD is trading below 1.1350, consolidating near multi-day lows amid a pullback in the US Treasury yields. A broad US dollar decline on easing yields and risk-aversion underpins the pair’s rebound amid a data light Eurozone docke