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EUR/USD Open to Further Losses; USD/JPY Eyes Bullish Resolution
The US Dollar (via DXY Index) has set a new high for 2018 (the highest level since December 19, 2017) as investors globally continue to grapple with the consequences of the US Treasury 10-year yield pushing to its highest level since July 2011. While yield-sensitive currency pairs like USD/CHF and USD/JPY are taking a breather as US Treasury yields pull back slightly, soft Eurozone inflation figures and the rise of a Euroskeptic government in Italy have EUR/USD on its back foot again today. In the near-term, the technical outlook for the US Dollar remains bullish. Positive momentum remains, with price treating the daily 13-EMA as key ... (full story)
- Posted: May 16, 2018 9:21am
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 1,462