EUR/USD prints heaviest daily losses in April, recently offered near intraday low. Risk-off mood, US dollar bounce back the consolidation. EUR/USD refreshes intraday low to 1.1951, down 0.33% on a day by the press time of early Monday. In doing so, the currency major pair refrains from respecting the options market’s bullish bias. One-month risk reversals of EUR/USD, a gauge of calls to puts, rose for the four consecutive weeks by the end of last Friday. Risk reversals flashed the +0.025 level, favoring EUR/USD bulls, according to data provided by Reuters. The positive reading indicates call options are drawing higher premium (option price) than put or bearish bets. While searching for catalysts, the risk-off mood could be traced for the pair’s latest losses. Among the risk-negative factors, challenges to US President Joe Biden’s $2.25 trillion infrastructure spending and the coronavirus (COVID-19) worries in Europe and Asia back the downbeat mood. Against this backdrop, S&P 500 Futures drop 0.25% while the US 10-year Treasury yield drops 1.2 basis points to 1.562% by the press time. Given the lack of major data/events, EUR/USD may respect the US dollar’s bounce. Moving on, traders should keep their eyes on the risk catalysts for fresh impulse. Double-top confirmation backs intraday sellers… Technically, the pair confirms “double-top” bearish chart formation on the hourly play and directs EUR/USD sellers toward the 1.1900 threshold. Read: EUR/USD Price Analysis: Teases double-top bearish formation below 1.2000 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 DXY at critical support opens prospects of significant upside correction FX Street 2 years EUR/USD prints heaviest daily losses in April, recently offered near intraday low. Risk-off mood, US dollar bounce back the consolidation. EUR/USD refreshes intraday low to 1.1951, down 0.33% on a day by the press time of early Monday. In doing so, the currency major pair refrains from respecting the options market's bullish bias. One-month risk reversals of EUR/USD, a gauge of calls to puts, rose for the four consecutive weeks by the end of last Friday. Risk reversals flashed the +0.025 level, favoring EUR/USD bulls, according to data provided by Reuters. The positive reading indicates call options are drawing higher… 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.
