EURUSD Technical Analysis – The risk-off sentiment boosted the greenback ...Middle East

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EURUSD Technical Analysis – The risk-off sentiment boosted the greenback
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Fundamental OverviewThe USD got a boost from the strong US Consumer Confidence data which triggered an aggressive rise in long term Treasury yields. The report however just showed that the labour market remains resilient which is good news for growth and not necessarily bad news for inflation. The greenback benefited also from the risk-off sentiment which seems to be caused more by the month-end flows rather than a fundamental driver. The EUR, on the other hand, has been gaining ground against the USD mainly because of the Dollar weakness and the risk-on sentiment. Moreover, the recent data from the Eurozone has been generally good with a pickup in the PMIs and high wage growth which led t

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