EUR/USD is rising as dollars struggle, despite softer risk conditions

The price action so far is a bit of a repeat of what happened on Tuesday after the FED’s emergency downturn – stocks are falling, yields are falling, the dollar is also falling.

EUR/USD has reached a maximum session of 1.1177 and tests the main resistance of the trend, which has limited profits for the week so far. Break above that would be good profit for buyers, but the 1.1200 level is also a key challenge for short-term resistance, along with on 31th of December high of 1.1239.

For now, the dollar is struggling all over the board as even the likes of AUD and NZD begin to push higher against the green. 10-year US yields are back to 0.982% at present, while US futures are down with 1.5% daily.

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