EUR/USD Falls On Hawkish Yellen Comments

EUR/USD falls on hawkish Yellen comments

The EUR/USD fell below 1.1100 as Yellen claimed that an interest rate hike in the next few months is probable. Breaking the support point 1.1080 pushes the euro lower to touch near-term support levels 1.1045 and 1.1015.

However, the European central bank (ECB) might chase monetary policy and give the euro positive directions. The EUR/USD need to break 1.1135 in order to pull back toward 1.1150 and 1.1190 respectively.

EUR/USD Chart

Disclaimer: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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