US Dollar Back Strong, EUR / USD Drops! - - Financial Market Media No. 1 in the World US Dollar Back Strong, EUR / USD Drops! US Dollar Back Strong, EUR / USD Drops!

February 26, 2021

US Dollar Back Strong, EUR / USD Drops!

 Investors were shocked by aggressive movements in the financial markets in the New York session in anticipation of a change in market sentiment.

The US dollar strengthened again with a significant surge against other major currencies in the market yesterday following an increase in US Treasury yields.

In addition, major Wall Street market indices also showed declines that signaled market risk sentiment while re-supporting the demand for US dollar safe-haven currencies.

On the EUR / USD currency pair price chart yesterday, the soaring price in the initial session failed to reach the target level of 1.22500 before the price plunged more significantly in the New York session.

The decrease of around 80 pips has returned to test the RBS zone (resistance become support) 1.21800-1.21500.

With the price below the support level of the Moving Average 50 (MA50) within the 1 hour time frame of the price movement, investors will expect a downtrend before trading this week closes the curtain.

The price decline will return to the previous focus zone around 1.20900-1.20550 or even lower to the support level of 1.2000.

If the price returns to rise above the MA50 level, the price level reached yesterday will be tested again for the price to try to break the resistance at 1.22500.