EUR/USD weaker, challenging lows near 1.2200

The pair keeps the leg lower unchanged around the 1.22 milestone.
US 10-year yields tested the proximity of 3.0%, multi-year tops.
US Existing Home Sales, Manufacturing PMI came in stronger.

Pablo Piovano FXStreet

The selling pressure continues to hurt the single currency on Monday and is now dragging EUR/USD to test fresh lows in the 1.2215/20 band.

EUR/USD weaker on US yields, USD upside

The pair keeps losing ground today in response to an increasing demand for the greenback, which in turn has been sustained by a solid performance of yields in the US money markets.

In fact, yields of the US 10-year note clinched new multi-year tops just below the critical 3.0% handle earlier in the session. Despite yields eased some ground afterwards, the underlying up move stays unchanged for the time being.

In the US data space, better-than-expected advanced Markit’s Manufacturing PMI and Existing Home Sales during March also lent extra legs to the buck’s rally.

Looking ahead, the European currency is poised to remain under pressure as speculations of a dovish message from the Council at the ECB meeting on Thursday keep gathering pace among traders.

EUR/USD levels to watch

At the moment, the pair is losing 0.55% at 1.2220 facing immediate contention at 1.2206 (low Feb.9) seconded by 1.2165 (low Jan.18) and finally 1.2153 (low Mar.1). On the upside, a break above 1.2341 (10-day sma) would target 1.2414 (high Apr.17) en route to 1.2478 (high Mar.27).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD deflates to multi-week lows near 1.1640

EUR/USD is down for the third straight day on Thursday, coming under extra downside pressure and approaching its transitory 55-day SMA around 1.1640 amid tge persistent recovery in the Greenback. Moving forward, market participants should remain prudent ahead of the release of Friday’s US NFP figures.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold edges lower as bulls opt to wait for the crucial US NFP report

Gold struggles to capitalize on the previous day's goodish move up from the vicinity of the $4,400 mark and attracts some sellers during the Asian session on Friday as bulls seem reluctant ahead of the US NFP report. The critical US employment details will offer more cues about the Fed's rate-cut path, which, in turn, will influence the US Dollar price dynamics and provide a fresh impetus to the non-yielding bullion. In the meantime, dovish Fed expectations and rising geopolitical tensions might continue to act as a tailwind for the XAU/USD.

XRP slides as institutional and retail demand falters

Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.