EUR/USD Daily Forecast – Support At 1.1750 In Sight

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Vladimir ZernovJuly 21, 2021, 12:25 AM·2 min readIn this article: Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Euro Continues To Lose Ground Against U.S. Dollar

EUR/USD is moving towards the support at 1.1750 while the U.S. dollar is gaining ground against a broad basket of currencies.

The U.S.

Dollar Index is currently trying to settle above the resistance at 93.10. If the U.S. Dollar Index gets above this level, it will move towards the resistance at 93.30 which will be bearish for EUR/USD.

It’s a quiet day on the economic calendar, so foreign exchange market traders will stay focused on general market sentiment and coronavirus data. It looks that worries about the Delta variant of coronavirus continue to increase demand for safe-haven assets which is bullish for the American currency.

The demand for dollar is strong, and the recent decrease in...read more...