EUR/USD Forecast: Bulls need to break above the 1.1930 resis

EUR/USD Forecast: Bulls need to break above the 1.1930 resistance


4/12/2021 12:43:46 PM GMT
EUR/USD Current Price: 1.1912
US Treasury yields remain subdued, eyes on a 10-year note auction.
EU Retail Sales surprised to the upside, up by 3% MoM in February.
EUR/USD is technically bullish but lacks enough momentum in the near-term.
The EUR/USD pair trades above the 1.1900 level as the dollar is back under selling pressure. The week started with a dismal market mood, which helped the greenback and sent the pair to a daily low at 1.1870. European indexes trade mostly in the red, although off their daily lows, providing modest support to the pair, which anyway remains confined to familiar levels.

Related Keywords

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