The American currency moved lower as traders focused on the strong pullback in Treasury yields.

After hitting 43-month highs above 1.16, earlier this month, the Euro to Dollar (EUR/USD) exchange rate has retreated to below 1.15 amid a dramatic increase in Middle East tensions and a spike in oil prices. Danske Bank notes the potential for a near-term dollar recovery, but expects longer-term dollar losses will continue with a 12-month.

The US dollar has seen a bit of strength in early trading in early Monday trading, and therefore, it looks as if people will be trying to ride out what the volatility does as headlines will continue to be a major driver going forward.

Euro managed again today to test support 1.1475 which still have the chance to push for another advance toward 1.1550-70 resistance zone Below 1.1445 market may add more drop to test support trend 1.1370-85 which in turn may push for another rebound Below 1.1370 more drop may hit the market with support around 1.1315   […]

EUR/USD extends its winning streak for the fourth successive session, trading around 1.1490 during the Asian hours on Monday. On the daily chart, technical analysis indicates a strengthening of a bullish bias, as the pair continues to trade within an ascending channel pattern.