EUR supported by likely central bank divergence Coronavirus concerns-led risk-off knocks-off T-yields, US dollar. Markets eye fresh virus updates and US jobs data for fresh cues. Having briefly regained the 1.12 handle in the last hour, EUR/USD is now seen consolidating the upside around the latter, as the bulls take a breather before the next push higher. The yearly high of 1.1214 remains in sight for EUR/USD’s buyers, as unabated selling interest seen around the US dollar keeps them hopeful. The greenback remains heavily offered across the board, hammered by another collapse in the US Treasury yields, as growing coronavirus cases in the US bolster the risk-off trading in the US equities the translates into increased demand for the US government bonds. The 10-year Treasury yields are at a historic low below 0.920%, losing nearly 8% so far while the US dollar index drops 0.50% to hover near a new two-month low of 96.81. Amid a panic across the US markets, investors are pricing in another Fed rate cut when the US central bank meets on March, 18th. The Fed shocked the markets earlier this week, by delivering a 50bps rate cut to battle the virus fallout on the economy. Meanwhile, the European Central Bank’s (ECB) likely 50bps rate cut is still awaited, leaving a monetary policy divergence between both continents, benefiting the euro at the expense of the buck. Markets are also weighing in the downbeat US macro news, as the focus now shifts towards the key US labor market report due on Friday for a fresh trading impetus. EUR/USD technical levels to consider 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 BOC’s Poloz: Resilience of the Canadian economy could be seriously tested by coronavirus FX Street 3 years EUR supported by likely central bank divergence Coronavirus concerns-led risk-off knocks-off T-yields, US dollar. Markets eye fresh virus updates and US jobs data for fresh cues. Having briefly regained the 1.12 handle in the last hour, EUR/USD is now seen consolidating the upside around the latter, as the bulls take a breather before the next push higher. The yearly high of 1.1214 remains in sight for EUR/USD’s buyers, as unabated selling interest seen around the US dollar keeps them hopeful. The greenback remains heavily offered across the board, hammered by another collapse in the US Treasury yields, as growing coronavirus… 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.