After closing lower in each of the past two days, when the 1.10 handle proved too strong a hurdle for the bulls, the EUR/USD burst higher at the European open this morning and threatened to finally break higher. However, the momentum faded somewhat, with the bulls reluctant to go out all guns blazing amid ongoing concerns over a no-deal Brexit, as well as soft data in the Eurozone. But we continue to expect the shared currency may be able to advance and finally break that 1.10 hurdle at the umpteenth time of asking. This is because the yield spread between German and US bonds has widened, as we reported previously. ... (full story)