EUR/USD Daily Forecast – U.S. Dollar Gains Ground As Treasury Yields Move Higher


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EUR/USD Video 12.03.21. Euro Is Losing Ground Against U.S. Dollar EUR/USD is currently trying to settle below the support at 1.1965 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index gained upside momentum and managed to get above 91.50. Treasury yields continue to move higher, providing support to the American currency. The nearest resistance level for the U.S. Dollar Index is located at 91.75. If the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 92 which will be bearish for EUR/USD. Yesterday, European...