EUR/USD Price Analysis: Stumbled to two-month low around 1.0700

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• EUR/USD dips to 1.0707 amidst soaring US Treasury bond yields, but mixed market sentiment prevents a steeper fall.
• The pair could witness further losses if sellers successfully reclaim the 1.0700 mark, shifting the bias downward.
• Staying above 1.0700 could lead to a EUR/USD comeback, with 1.0900 in sight if key resistance levels are broken.

EUR/USD hit a new two-month low at around 1.0707, though it remains neutral to downward biased unless the pair suffers more weakness, which could send the EUR/USD sinking below the 1.0700 mark toward the 200-day Exponential Moving Average (EMA) at 1.0684. Nevertheless, a mixed market sentiment capped the Euro{s (EUR) fall, even though US Treasury bond yields skyrocketed, underpinning the US Dollar (USD). As the Asian session begins, the EUR/USD trades at 1.0727, up 0.02%.