JUST FOR FUN
The Euro continues to trade on either side of 1.1000 against the US dollar despite a further rise in short-dated US Treasury yields. Last Friday’s record high Euro Area headline inflation print for March of 7.5% is now prompting thoughts that the ECB may have to tighten monetary policy quicker than originally thought.
The daily EUR/USD chart shows the Euro continuing to battle against a strong US dollar with the pair trading on either side of 1.1000. A cluster of prior lows between 1.0945 and 1.0970 provide short-term support for the pair while initial resistance is seen at 1.1120.
The daily EUR/USD chart shows the Euro continuing to battle against a strong US dollar with the pair trading on either side of 1.1000. A cluster of prior lows between 1.0945 and 1.0970 provide short-term support for the pair while initial resistance is seen at 1.1120.
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.
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.