EUR/USD: Technical bearish pressure is ramping up, 1.1240 aligns as next strong support EURUSD
“The dollar's market valuation should remain the primary driver of EUR/USD's movements on Tuesday. In case US T-bond yields continue to rise on the back of an upbeat market mood, the pair could find it difficult to reverse its direction.”
“1.1270 aligns as interim support ahead of 1.1240 . The latter held as support when the pair fell 100 pips back in mid-December, punctuating the importance of this level.”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.
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