The US Dollar sold off yesterday after Fed Powell pushed back on inflation once again, boosting the euro higher towards the 1.2180 resistance. Once this resistance level is taken out, we could see an accelerated jump above 1.22. However, further upside could remain capped amid surging US Treasury yields.
Support: 1.2140 / 1.21
Resistance: 1.2180 / 1.2215 / 1.2270
