EUR/USD bulls holding in the 1.09s front side of bullish trend EURUSD Currencies Technical Analysis Fed ECB
, DXY, which tracks the currency against a basket of its peers, was up 0.24% but at 101.96 currently, it is off the highs of the day that were printed at 102.228. DXY rallied from a low of 101.656 with investors dialing down on the consensus that the Federal Reserve will cutlater this year. Consequently, the yield on two-year Treasury notes, which are sensitive to expectations for the US central bank's monetary policy was hitting a one-month high of 4.286% on Wednesday.
´´ The Atlanta Fed’s GDPNow indicator was little changed following the data at 2.5% saar for the first quarter. The advance estimate of Q1 GDP will be released next week. The early median estimate is for a 0.5% QoQ gain, 2.0% saar,´´ the analysts added.has found its footing in the daily trendline support and there is a focus on an upside continuation through 1.0990 and beyond 1.1032. However, a break below 1.0910 will open risk to 1.0830 structure.
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