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EURUSD breaks to fresh monthly highs above 1.2200, more gains ahead?

by Joel Frank
18 May 2021
in Forex
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EURUSD has broken out to fresh monthly highs above the 1.2200 level this morning, amid broad USD weakness. The fact that the Fed continues to signal that it is willing to look through a near-term rise in inflation continues to undermine US real yields, weighing on the US dollar. EURUSD could challenge annual highs in the mid-1.2300s.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:12 EUR/USD

Tags: EURUSDFedInflation
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