EUR / USD yet not capable even for a slight correction
Unsuccessful attempts to get back above $ 1.30 for the bulls turned very grim: the euro / dollar so far struck a short-term support line and re-testing the bids in the $ 1.2860 / 50. Breakthrough of the feet placed below give an impulse reduction and confirms the belief that the drop pairs is the path of least resistance. The yield on US bonds retains craving for growth, in particular year bonds it is close to leap towards 0.60%. A further yield growth can give strength to the upward trend of the US currency, though, it seems, the dynamics of the curve already made long-term investors to rethink their investment, and if the closest target for euro / dollar is the level in the $ 1.2750 / $ 1.2650, in the coming months on the pair can expect a decrease to $ 1.22. Source: Forexpf.Ru - Forex Market NewsRelated posts
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