- The EUR / USD remains bearish, but manages to affirm around 1.2150.
- DXY retreats after rising for four days.
EUR / USD is flat on Tuesday, after posting a pullback on Monday and the lowest daily close in nearly a month. The price rebounded to 1.2179, but ran out of steam and fell back to the 1.2150 area, where it is trading.
The The stability of the EUR / USD is given by a slight decline in the dollar throughout the market. The DXY is losing 0.05%, having risen for four days in a row, recovering from lows in years. The dollar rally has lost steam but still remains close to the recent peaks.
One of the supporters of the rise was the advance of the yields of the treasuries. It does not stop. The 10-year rate reached 1.16% minutes ago, the new maximum since March. While on Wall Street, the futures of the main indices point to a positive opening with gains around 0.35%.
Traders will keep an eye on what happens in the bond and equity markets. With no relevant US economic reports ahead, several speeches by members of the Federal Reserve stand out. Raphael Bostic, de la Fed de Atlanta, Lael Brainard (gobernador), Eric Rosengren (Boston), Loretta Mester (Cleveland), James Bullard (St Louis) y Esther George (Kansas).
From a technical point of view, the EUR / USD remains with a bearish bias in the short term, although it is in consolidation mode. A firm recovery above 1.2200 would further remove the bearish tone, while if confirmed below 1.2130, a test at 1.2100 would be expected.
Technical levels
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