FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that after posting a daily low of 1.3241, EUR/USD is trading close to its daily opening level.



Key quotes



"Dollar momentum seems temporarily interrupted, with US indexes at record highs and US 10Y yields above 2.40%, giving high yields a breath."



"Technically however, the pair is far from suggesting a strong upward potential, with the 1 hour chart showing indicators flat above their midlines and price above a still bearish 20 SMA."



"In the 4 hours chart indicators maintain their bearish slope despite in oversold levels, supporting the shorter term view."



Investopedia makes you smarter.
Sign up for the News to Use newsletter for the latest in expert analysis, market insights and news.