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Euro fell below 1.22 amid rising US Yields – EUR/USD Market Outlook – 11/01/2021

The Euro falls below 1.22 amid rising US yields, which is putting the US equities under pressure and pushing the greenback higher. If treasury yields keep on the rise, then the advantage of buying stocks for higher return argument will soon become obsolete. As we head into a new week, the single currency might start heading lower towards 1.20, if the US Treasury yields keep breaking higher.

Support: 1.2170 / 1.2140
Resistance: 1.2215 / 1.2270

SquaredFinancial Daily Market Outlook

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Monday, 11 Jan, 2021 / 9:38

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/euro-fell-below-1-22-amid-rising-us-yields-eur-usd-market-outlook-11-01-2021

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