- EUR / USD gains momentum after holding above 1.19 on Tuesday.
- Data: German economic sentiment improves to 76.6 in March, US reports are coming.
The Stock markets hold in the area of recent highs, along with the decline in Treasury bonds and the start of the two-day meeting of the Federal Reserve, has generated a weakness in the dollar that took the EUR / USD up to 1.1945, marking a high for the day.
The price remains above 1.1940, with the bullish tone intact, that with moderating tours for the moment. The rise came after having managed to remain above 1.1900. Since last Friday, that level has been a key support that, if given, would point to more losses for the euro.
Among the explanations for the EUR / USD advance is the benchmark 10-year Treasury bond rate that returned to the 1.60% area. Another positive factor for the common currency was the data for economic sentiment in both Germany and the general Eurozone, which improved to 76.6 and 74.0, respectively, for the month of March as indicated by the ZEW survey. Later in the session, the members of the Governing Council of the European Central Bank, De Guindos, Jochnick and Enria will participate in virtual events.
In the USA, today the two-day FOMC meeting. In turn, retail sales, industrial production, the NAHB index and commercial inventories appear on the calendar for Tuesday.
Technical levels
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