EUR/USD adds to recent gains well above 1.1900. Lower US yields put the dollar under extra downside pressure. EMU’s Industrial Production, ECB-speak next of note in the docket. The buying interest around the single currency remains well and sound and pushes EUR/USD to fresh 4-week highs near 1.1980. EUR/USD now targets the 1.2000 level EUR/USD advances for the third consecutive session on Wednesday, always on the back of the persistent and renewed weakness surrounding the dollar. In fact, lower US yields and the investors’ shift away from the US economic recovery narrative have been sustaining the recent fresh inflows into the European currency, which are in turn propped up by expectations of a strong recovery in the Old Continent. Earlier in the session ECB’s Vice-President L. De Guindos once again warned against the risks of a premature withdrawal of the current monetary stimulus. Later in the euro docket, February’s Industrial Production in the broader Euroland is due along with speeches by ECB’s President C.Lagarde and Board members Schnabel, Panetta and Fernandez-Bollo. Across the pond, Powell’s speech at the Economic Club of Washington will take centre stage later in the NA session. What to look for around EUR EUR/USD keeps pushing higher and gradually approaches the psychological 1.2000 barrier in response to the increasing selling pressure in the dollar and fresh optimism on the economic rebound in the euro area now that the vaccine rollout appears to have gained some serious pace. Solid results from key fundamentals as of late also appear to bolster this shift in the investors’ view. Key events in the euro area this week: Industrial Production, Lagarde speech (Wednesday) – German final March CPI (Thursday) – Eurogroup meeting, EMU final CPI (Friday). Eminent issues on the back boiler: Asymmetric economic recovery in the region. Sustainability of the pick-up in inflation figures. Progress of the vaccine rollout. Probable political effervescence around the EU Recovery Fund. EUR/USD levels to watch At the moment, the index is gaining 0.09% at 1.1957 and faces the next hurdle at at 1.1974 (monthly high Apr.14) followed by 1.1989 (weekly high Mar.11) and finally 1.2000 (psychological level). On the other hand, a breach of 1.1704 (2021 low Mar.31) would target 1.1602 (monthly low Nov.4) en route to 1.1570 (2008-2021 support line). 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 Copper Price Analysis: Healthy consolidation to lead a climb above $10000 – Credit Suisse FX Street 1 year EUR/USD adds to recent gains well above 1.1900. Lower US yields put the dollar under extra downside pressure. EMU's Industrial Production, ECB-speak next of note in the docket. The buying interest around the single currency remains well and sound and pushes EUR/USD to fresh 4-week highs near 1.1980. EUR/USD now targets the 1.2000 level EUR/USD advances for the third consecutive session on Wednesday, always on the back of the persistent and renewed weakness surrounding the dollar. In fact, lower US yields and the investors' shift away from the US economic recovery narrative have been sustaining the recent fresh inflows into… 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.