EUR/USD: Bears remain in control and target 1.0200 – by pabspiovano EURUSD Currencies Majors
The dollar gathers further traction and climbs to multi-day highs.The selling pressure keeps ruling the sentiment around the European currency and dragsEUR/USD extends the leg lower for the third session in a row and prints new multi-session lows at the same time, following another positive day in the dollar, which appears bid across the board and underpinned by higher US yields.
In the meantime, the European currency is expected to closely follow dollar dynamics, geopolitical concerns and the Fed-ECB divergence. In addition, markets repricing of a potential pivot in the Fed’s policy remains the exclusive driver of the pair’s price action for the time being. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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