“¢ Concerns about German economic slowdown continue to weigh on the shared currency. “¢ ECB’s latest monthly economic bulletin further dents the already weaker sentiment. “¢ The ongoing USD bulls run adds to the bearish pressure and contributed to the downfall. The EUR/USD pair remained depressed through the mid-European session and dropped to fresh 22-month lows, around the 1.1130 region in the last hour. Having consolidated in a narrow range during the early part of Thursday’s trading action, the pair came under some renewed selling pressure since the early European session and extended its recent bearish trajectory for the third consecutive session. The already weaker sentiment surrounding the shared currency deteriorated further after the ECB, in its monthly economic bulletin for April, reiterated that risks to the Euro-zone economic growth remains tilted to the downside and ample degree of accommodation is still needed. This comes against the backdrop of growing concerns of a sharp economic slowdown in the region’s largest economy, triggered a steep decline in German bond yields overnight. In fact, the yield on the benchmark 10-year bond remained in the negative territory and continued affecting the shared currency in a negative manner. Adding to this, a follow-through US Dollar upsurge to the highest level since June 2017, supported by the recent positive US economic data, further collaborated to the pair’s heavily offered tone/the ongoing slump further below mid-1.1100s. Moving ahead, today’s US economic docket – highlighting the release of durable goods orders, will now be looked upon to some fresh impetus and in order to grab some meaningful trading opportunities later during the early North-American session. Technical levels to watch 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 Gold remains below $1280, recovery stays limited amid broad USD strength FX Street 4 years "¢ Concerns about German economic slowdown continue to weigh on the shared currency. "¢ ECB's latest monthly economic bulletin further dents the already weaker sentiment. "¢ The ongoing USD bulls run adds to the bearish pressure and contributed to the downfall. The EUR/USD pair remained depressed through the mid-European session and dropped to fresh 22-month lows, around the 1.1130 region in the last hour. Having consolidated in a narrow range during the early part of Thursday's trading action, the pair came under some renewed selling pressure since the early European session and extended its… 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.