FX.co - Review of EUR/USD on March 9, 2021

9 March 2021 at 2:05PM (UTC+0)

Relevance until10 March 2021 at 2:02PM (UTC+0)

The euro stopped declining while the dollar stopped the growth. Right now, the market is waiting for data on inflation in the United States.

The recent strengthening of the dollar was caused (especially for the yen and the franc) by the growth of yields on US government bonds.

Now the question is whether this is a local surge or a long-term trend.

This question can be answered by inflation in the US, which data is expected tomorrow at 13:30 UTC.

You may keep selling the euro from 1.1990, with a stop at 1.2035.

With growth, you can sell up to 1.1990.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Review of EUR/USD on March 9, 2021