EUR/USD is trading below 1.19 as tension mounts towards the release of US inflation figures, which may show a significant increase, moving 10-year US yields and causing another dip in the EUR/USD pair, according to economists at OCBC Bank. US Consumer Price Index figures for March are in the spotlight “Market reaction to the US CPI (12:30 GMT) may provide the next lead of the sideways EUR/USD. If that data release catalyses another move in the 10y yield sustainably above 1.70%, we may see another leg lower in the pair. On the flip side, if reaction is muted, the EUR/USD may be encouraged higher.” “The technical picture leans slightly bullish at this juncture, with the immediate target at the 55-day MA (1.1976).” 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 Dr. Fauci: AstraZeneca is a good vaccine, US will not need it FX Street 2 years EUR/USD is trading below 1.19 as tension mounts towards the release of US inflation figures, which may show a significant increase, moving 10-year US yields and causing another dip in the EUR/USD pair, according to economists at OCBC Bank. US Consumer Price Index figures for March are in the spotlight "Market reaction to the US CPI (12:30 GMT) may provide the next lead of the sideways EUR/USD. If that data release catalyses another move in the 10y yield sustainably above 1.70%, we may see another leg lower in the pair. On the flip side, if reaction is muted, the… 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.
