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Home ANALYSIS

EURUSD tests the lows for the week

A.R Chowdhury by A.R Chowdhury
September 17, 2021
Reading Time: 1 min read
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EURUSD tests the lows for the week

Dollar buying as yields move higher and stocks move lower

The EURUSD it is testing the lows for the week reached yesterday at 1.1750 as US yields move higher and stocks move lower. The NASDAQ index and S&P index are now down -0.54%. The 10 year yield is up 3.9 basis points at 1.3700%.

Dollar buying as yields move higher and stocks move lower_

The pair is now below the 61.8% retracement at 1.1757. The next targets are the swing lows from August 27 at 1.1742 and 1.17346. Below that the the pair will target the swing area between 1.1723 and 1.17264.

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A.R Chowdhury

A.R Chowdhury

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