Euro / U.S. DollarUpdated EUR/USD remains defensive below the mid-1.0700s
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.