EUR/USD falls to lowest since 2 December as dollar keeps more firm on the session

Technical Analysis

Author: Justin Low | eurusd

The greenback firms alongside the yen as bonds see a fresh bid

EUR/USD D1 24-01
ForexLive
EUR/USD is falling below support around 1.1040 now as price hits a session low of 1.3032 - the lowest level since 2 December, more than seven weeks ago.

This comes as the dollar is firming on the session and the risk mood turns more mixed amid fresh bids in bonds as US Treasury yields fall back into negative territory today:

USGG10YR
For EUR/USD, further key support is now seen closer to 1.0990-00 next as the euro side of the equation failed to gather any inspiration after earlier PMI data.

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