|

EUR/USD holds steady near 1.1135 amid falling German yields

  • Sell-off in Treasury yields offset the German yields slide amid risk-aversion.
  • Downside remains compelling ahead of German/ US inflation data.  

The EUR/USD pair extends its side trend near 1.1130 region in early trades, unperturbed by the intensifying risk-off moods amid the US-led protectionism and the resulting global growth worries.  

A part of the pair’s resilience can be attributed to the sell-off in the US Treasury yields across the curve, with the benchmark 10-year yields sitting near 20-month lows of 2.170%. The weakness in the Treasury yields drags the US dollar off the two-week tops v. its main peers.

However, the bulls remain cautious and keep the upside attempts restricted, in the wake of the slide in the German 10-year bond yields to near record lows of -0.205% reached July, 6th 2016. Moreover, a sharp drop in the German retail sales also continues to weigh on the shared currency. Germany retail sales drop -2.0% m/m in April vs. +0.1% expected.

The immediate focus now remains on the German preliminary CPI figures that are expected to come in softer. Hence, the upside bias in the spot remains limited ahead of the German Prelim CPI, US Core PCE Price Index and UoM Consumer Sentiment data.

EUR/USD Technical Levels

EUR/USD

Overview
Today last price1.1134
Today Daily Change0.0003
Today Daily Change %0.03
Today daily open1.1131
 
Trends
Daily SMA201.1185
Daily SMA501.1215
Daily SMA1001.1285
Daily SMA2001.1382
Levels
Previous Daily High1.1144
Previous Daily Low1.1116
Previous Weekly High1.1214
Previous Weekly Low1.1107
Previous Monthly High1.1326
Previous Monthly Low1.1111
Daily Fibonacci 38.2%1.1127
Daily Fibonacci 61.8%1.1134
Daily Pivot Point S11.1116
Daily Pivot Point S21.1102
Daily Pivot Point S31.1087
Daily Pivot Point R11.1145
Daily Pivot Point R21.1159
Daily Pivot Point R31.1173

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD holds steady below 1.1800

EUR/USD moves sideways in a narrow channel below 1.1800 as the market volatility remains low ahead of the New Year holiday. On Tuesday, investors will pay close attention to the minutes of the Federal Reserve's December policy meeting.

GBP/USD retreats below 1.3500 as trading conditions remain thin

GBP/USD corrects lower after posting strong gains in the previous week and trades below 1.3500 on Monday. With the action in financial markets turning subdued following the Christmas holiday, however, the pair's losses remain limited.

Gold holds above $4,300 after profit taking kicked in

Gold retreats sharply from the record-peak it set at $4,550 and trades below $4,400, losing more than 3% on the day. Growing optimism about a Ukraine-Russia peace agreement and profit-taking ahead of the New Year holiday seem to be causing XAU/USD to stay under heavy bearish pressure.

Bitcoin, Ethereum, and XRP bulls regain strength

Bitcoin, Ethereum, and Ripple record roughly 3% gains on Monday, regaining strength mid-holiday season. Despite thin liquidity in the holiday season, BTC and major altcoins are regaining strength as US President Donald Trump pushes peace talks between Russia and Ukraine. The technical outlook for Bitcoin, Ethereum, and Ripple gradually shifts bullish as selling pressure wanes.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).