Break or bounce? That is the question for EUR/USD as it approaches 1.20 for the fourth time since early March and the second time this week, Yohay Elam, an Analyst at FXStreet, reports. Previous and upcoming US data may trigger a dollar rally “Fresh demand for US Treasuries, reversing previous trends, is dragging the dollar lower. Ten-year yields are depressed well below 1.57% after hitting 1.77% several weeks ago, and that is capping the greenback.” “The last significant release for the week is the University of Michigan’s Consumer Sentiment Index. Preliminary figures for April will likely show an ongoing improvement, indicating an extended shopping spree. In addition, Building Permits and Housing Starts statistics for March are due out and they have likely increased. America’s ‘race for space’ – room to work at home – is driving the housing sector higher.” “Nearly one of every five Europeans has received at least one shot. While frustration about lockdowns is elevated, the expected pickup in immunization and early results from the campaign may boost the commo 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/JPY looks firmer near 130.50 ahead of US data FX Street 2 years Break or bounce? That is the question for EUR/USD as it approaches 1.20 for the fourth time since early March and the second time this week, Yohay Elam, an Analyst at FXStreet, reports. Previous and upcoming US data may trigger a dollar rally "Fresh demand for US Treasuries, reversing previous trends, is dragging the dollar lower. Ten-year yields are depressed well below 1.57% after hitting 1.77% several weeks ago, and that is capping the greenback." "The last significant release for the week is the University of Michigan's Consumer Sentiment Index. Preliminary figures for April will likely show an ongoing improvement,… 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.
