Today News: EUR/USD [12 Nov 2021] -

Today News: EUR/USD [12 Nov 2021] -


Bears dominate a quiet working day

The EUR/USD pair fell to 1.1453, a fresh 2021 low and a
level not seen since July 2020. The dollar remains
strong amid ruling risk-aversion

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Dollar strength hits EUR/USD

EUR/USD continues to decline, with yesterday’s drop providing
the break below support that reinvigorates
the downtrend currently in play.

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Inches closer to 1.1420-10 support zone

EUR/USD bears take a breather around the July 2020 levels
following a two-day downtrend, taking rounds to
1.1450 during Friday’s early Asian session.

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EUR/USD to sink towards 1.10 in 2022 as
laggard ECB dampens euro sentiment

Economists at CIBC Capital markets expect the euro to
depreciate as the Federal Reserve outguns the
European Central Bank (ECB)

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Reaches 50.00% Fibonacci retracement

The decline of the EUR/USD, on Thursday, passed the support
of the weekly S2 simple pivot point at 1.1463
and reached the 50.00%

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EUR/USD dipped to 15-month lows
around 1.1470

US CPI data was notably higher than expected with the
headline rate at 31-year highs at 6.2%. US and
global inflation concerns intensified after

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Close below key Fibo support
could spark bigger drop

The Euro remains in red on Thursday and extends
weakness to the new 2021 low, hitting the
lowest level since July 2020

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