34 days ago • Posted by Martin Boujol

EUR/USD back under 1.19

The major pair EUR/USD when back below 1.19 after having breached the critical 1.1211 level. Rise of US yields, boosting the dollar, was the main reason for this downslope motion. The dollar was further supported with the new coronavirus relief package and the growing effort for vaccines, with the US population expecting to administer it to 50% of their population by late May.

Source: TradingView, FXStreet

EUR/USD back under 1.19