10-year T-bond yield gains more than 1% on Monday. The US Dollar Index leaps to fresh 2019-high above 97. EU’s Centeno says economic slowdown is caused by political risks. The EUR/USD pair extended its daily decline in the NA session and touched its lowest level since late November at 1.1267. As of writing, the pair was trading at 1.1271, losing 0.5% on a daily basis. Since the sharp fall it suffered after the FOMC’s dovish shift on January 30th, the US Dollar Index, which tracks the greenback against a basket of six major currencies, closed every single trading day in the positive territory and preserved its bullish momentum for the eighth straight day on Monday. Although there were no macroeconomic data releases from the U.S. today, a more-than-1% jump seen in the 10-year Treasury Bond yield allowed the DXY to extend its rally to its highest level of 2019 at 97.12. The index was last up 0.47% on a daily basis at 97.10. Meanwhile, commenting on the euro area’s economic performance, Eurogroup head Mario Centeno at today’s Eurogroup meeting said that the slowdown was mainly caused by political risks while adding that the eurozone fundamentals were stronger than before the crisis. Nevertheless, the shared currency largely ignored these comments and the USD’s market valuation continued to drive the pair’s price action. The next data of relevance for the euro will be Wednesday’s eurozone industrial production report, which is expected to show a contraction of 0.4% on a monthly basis in December. Technical levels to consider The pair could face the next support at 1.1220 (Nov. 13, 2018, low). With a decisive break below that level, the pair could continue to fall toward 1.1175 (Jun. 27, 2017, low) and 1.1120 (Jun. 6, 2017, low). On the upside, resistances are located at 1.1330 (daily high), 1.1385 (20-DMA) and 1.1410 (50-DMA). 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/USD: We have reduced our year-end expectation to 1.24 from 1.27 – TDS FX Street 3 years 10-year T-bond yield gains more than 1% on Monday. The US Dollar Index leaps to fresh 2019-high above 97. EU's Centeno says economic slowdown is caused by political risks. The EUR/USD pair extended its daily decline in the NA session and touched its lowest level since late November at 1.1267. As of writing, the pair was trading at 1.1271, losing 0.5% on a daily basis. Since the sharp fall it suffered after the FOMC's dovish shift on January 30th, the US Dollar Index, which tracks the greenback against a basket of six major currencies, closed every single trading day in… 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.