{"id":911,"date":"2021-04-08T11:32:56","date_gmt":"2021-04-08T14:32:56","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=911"},"modified":"2021-04-08T11:32:58","modified_gmt":"2021-04-08T14:32:58","slug":"eur-usd-comment-eur-usd-getting-back-on-track-for-a-run-toward-1-2000","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/04\/08\/eur-usd-comment-eur-usd-getting-back-on-track-for-a-run-toward-1-2000\/","title":{"rendered":"EUR \/ USD &#8211; COMMENT-EUR \/ USD Getting Back On Track For A Run Toward 1.2000"},"content":{"rendered":"\n<p>EUR \/ USD bulls regained their footing on Thursday and could resume the trek toward 1.2000 \/ 50 with support from the ECB , US data, interest rates, options and techs.<\/p>\n\n\n\n<p><br>Minutes of the March 10-11 ECB meeting indicated the possibility of reducing bond purchases despite the need for maintaining ample monetary stimulus.<\/p>\n\n\n\n<p><br>The minutes also said it was argued that higher real rates were not necessarily a cause of concern and noted the upgrade in the outlook for the external environment.<br>Above estimate U.S. weekly and continuing claims data helped boost EUR \/ USD as the 10-year yield slumped and eurodollar prices rallied, which put downward pressure on the dollar.<\/p>\n\n\n\n<p><br>Options show investors are slightly wary of EUR \/ USD upside.<br><\/p>\n\n\n\n<p>Risk reversals indicate vol premiums for calls continue to exceed those for puts.<br>The premium is not large, which indicates options investors are wary of a slow grind higher in EUR \/ USD. Technicals highlight upside risks.<\/p>\n\n\n\n<p><br>The 21-day moving average is helping to limit EUR \/ USD pull backs, daily and monthly RSIS imply upside momentum remains and the 200- DMA has been pierced again.<\/p>\n\n\n\n<p><br>A run at 1.2000 \/ 50 resistance still seems likely.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/plus.efxdata.com\/news\/22f5091dd402180b5d8c80680b51929d\/EURUSD4-8-2021_209-27-49_20AM.jpg_0.jpeg?v606f1060\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/plus.efxdata.com\/news\/22f5091dd402180b5d8c80680b51929d\/UST10Y4-8-2021_209-18-08_20AM.jpg_1.jpeg?v606f1060\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/plus.efxdata.com\/news\/22f5091dd402180b5d8c80680b51929d\/EURVOL4-8-2021_209-16-14_20AM.jpg_2.jpeg?v606f1060\" alt=\"\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>EUR \/ USD bulls regained their footing on Thursday and could resume the trek toward 1.2000 \/ 50 with support from the ECB , US data, interest rates, options and techs. Minutes of the March 10-11 ECB meeting indicated the possibility of reducing bond purchases despite the need for maintaining ample monetary stimulus. The minutes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-911","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=911"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/911\/revisions"}],"predecessor-version":[{"id":913,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/911\/revisions\/913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/912"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}