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."

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