EUR/USD remains defensive below the mid-1.0700s
Updated
The EUR/USD pair struggled to capitalize on a strong overnight uptrend to a 4-day high. Prices are currently hovering below the mid-1.0700s and remain within striking distance of the three-month low hit last week.
The US Dollar (USD) stabilized after a sharp decline. therefore, considered a headwind for EUR. (Fed) remains supportive of rising US Treasury bond yields, along with a cautious market mood helping to limit the upside of the EUR/USD pair.
The US Dollar (USD) stabilized after a sharp decline. therefore, considered a headwind for EUR. (Fed) remains supportive of rising US Treasury bond yields, along with a cautious market mood helping to limit the upside of the EUR/USD pair.
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