The EUR/USD pair accelerated its bearish correction towards the DMA 100 as the dollar began to recover in the session american. The pair continues to rise 0.3% on the day, trading at 1.0645 at the moment.
After moving sideways around the area of 100 during the last two hours, the index of the U.s. dollar started to erase their losses daily, as the rising yields of the Treasury of the united States created some demand for the u.s. currency. For the moment, the index is still falling 0.3% to 100.15, while the bond yield of the 10-year Treasury is going up 1% around 2.5%.
Until the change of inflation at the consumer release of the eurozone on Wednesday, the dollar could continue to dominate the movements of the pair, as the economic calendar appears to be free of any data or event that is potentially mobile in the market. Meanwhile, investors may keep the caution on the approach of the euro as they are about the French presidential election.
A break below 1.0635 (DMA 100) could allow the pair down to 1.0600 (psychological level) and 1.0570 (minimum of 10 April). To the low, 1.0675 (DMA 20) could be seen as the first resistance followed by 1.0765 (maximum of 30 march) and 1.0810 (DMA 200).