EUR/USD rises amid escalating Middle East conflict and lower US bond yields

EUR/USD climbs for the third straight day, even though the Middle East conflict continues to escalate, as troops of the United States (US) were attack

EUR/USD climbs for the third straight day, trading above 1.0600 after a daily low of 1.0571. US equity markets recover some losses, while lower US bond yields at 4.84% undermine the Greenback. Upcoming economic data includes the US Q3 GDP, core PCE, and the ECB's monetary policy decision. ed on Syria, while Israel halts its ground offensive amid efforts of diplomacy. The major trades above the 1.0600 figure after hitting a daily low of 1.0571, gaining 0.52%. EUR/USD gains 0.

On the Eurozone front, the docket would feature Flash PMIs and the European Central Bank monetary policy decision, with growing speculation the Fed would keep rates unchanged. After that, the ECB’s President Christine Lagarde Press Conference, would be the highlight following the bank’s meeting. EUR/USD Price Analysis: Technical outlook With the EUR/USD reaching a new cycle high at around 1.0649, buyers would likely test in the near term the 1.

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