EUR/USD extends losses and eyes 1.1350 on US dollar strength

• Greenback jumps across the board late during US session.  
• A rebound in US yields favored the last run higher of the USD.  

The EUR/USD broke to the downside and added to its daily losses. The pair reached a fresh weekly low at 1.1363. It is trading near the bottom, headed to the lowest close since January 24.  

The negative tone remains intact as the US dollar gains across the board. It even erased losses versus the yen. The US Dollar Index hit 96.37, a fresh 1-week highs. At the same time, US yields bounced back with the 10-year back to 2.70%. Equity prices in Wall Street are flat. The Dow Jones is up just 0.03% and the Nasdaq losses 0.25%.  

The EUR/USD is falling for the third day in a row. Since the beginning of the week lost almost a hundred pips and pulled back 150 pips from last week peak.  The rally of the US dollar started after the euro was rejected from above 1.1500.  

Now the next strong support is seen around 1.1350. Below that level, the January low at 1.1287 would be exposed. Technical indicators in the daily chart start to point to more losses. The euro needs to rise back above 1.1400 to remove the negative tone.