EUR/USD has been able to stabilize as the EU and UK de-intensify the row over vaccines. Nonetheless, friction around the doses, infrastructure-based dollar strength and upbeat US data may push the pair over the edge, Yohay Elam, an Analyst at FXStreet, reports. See: EUR/USD to slide into the 1.1695/00 band – Commerzbank Key quotes “EU leaders are meeting virtually on Thursday with the covid crisis high on the agenda. Growing frustration from Europeans will likely lead to fresh finger-pointing at anybody but the bloc. Apart from blaming AstraZeneca leaders will likely revert to their anti-UK rhetoric. Worse off, they may continue advancing moves to block exports of vaccines or materials that are used to make them. Even if they stop short of drastic measures, the current truce is far from guaranteeing a solution – at least not on Thursday. “The White House has announced that Biden will deliver a speech on the economy on March 31, in which he is set to lay out a plan worth as much as $3 trillion. Another boost to the economy would potentially raise inflation and prompt the Federal Reserve to raise interest sooner rather than later. That is dollar positive.” “Final Gross Domestic Product statistics for the fourth quarter of 2020 will likely confirm the 4.1% growth rate, and jobless claims could continue falling. The latter figure is for the week ending March 19, as the economy accelerated its reopening. Any improvement would also raise speculation for a rate hike – even if the Fed says inflation will only rise at a moderate pace.” “The round 1.18 level provides immediate support. Some resistance is at 1.1836, the previous 2021 low.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD in 2021 lows, gets ready to break below 1.1800 FX Street 1 year EUR/USD has been able to stabilize as the EU and UK de-intensify the row over vaccines. Nonetheless, friction around the doses, infrastructure-based dollar strength and upbeat US data may push the pair over the edge, Yohay Elam, an Analyst at FXStreet, reports. See: EUR/USD to slide into the 1.1695/00 band - Commerzbank Key quotes "EU leaders are meeting virtually on Thursday with the covid crisis high on the agenda. Growing frustration from Europeans will likely lead to fresh finger-pointing at anybody but the bloc. Apart from blaming AstraZeneca leaders will likely revert to their anti-UK rhetoric. Worse off, they may… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.