The Euro kicked off the new week on a positive note, appreciat | FXTM Forex Market News

The Euro kicked off the new week on a positive note, appreciating against most G10 currencies.



As US Treasury yields fell slightly and weighed on the Dollar, this pushed the EURUSD to an intraday high of 1.2168 before prices later retreated below the 1.2150 level.



Looking at the daily timeframe, the EURUSD is certainly in an uptrend. There have been consistently higher highs and higher lows since the start of April 2021 with prices respecting a bullish channel.



However, bulls seem to be having a tough time cracking the resistance around the 1.2150 – 1.2170 regions... Read More (https://www.forextime.com/market-analysis/technical-outlook-eurusd-breakout-horizon)