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Euro bulls attempting to recover above 1.19 – EUR/USD Market Outlook – 09/03/2021

SquaredFinancial

The US Dollar falls and Euro recovers above 1.1850, after US 10-year yields pulled back from the highs above 1.60%, as US stimulus package approval shifted the market sentiment into bullish once again. Additionally, Billionaire Investor David Tepper getting bullish on stocks yesterday boosted the risk appetite even further. Today, if equities keep going higher, we could see the euro back above 1.19.

Support: 1.1835 / 1.18
Resistance: 1.19 / 1.1955

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-bulls-attempting-to-recover-above-1-19-eur-usd-market-outlook-09-03-2021
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