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EUR/USD: Why The 1.13 Break Has Traders Watching
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MENAFN- Daily Forex) EURUSD Chart by TradingViewTop Regulated Brokers1 Get Started 74% of retail CFD accounts lose money EUR/USD has slipped below another major round number, and the market is clearly taking notice. The euro remains under pressure as the U.S. dollar benefits from higher yields, although the move has not yet turned into the type of disorderly decline that some traders may have expected.There is still a reason for caution on both sides. European yields have moved higher as well, helping to limit the downside in EUR/USD for now. At the same time, the market is dealing with more than just a technical break. Rates, energy concerns, and geopolitical headlines are all feeding into the same uneasy picture Yield Differentials Still Matter MostThe central issue remains the interest-rate differential between the United States and Europe. U.S. yields continue to push higher, and that makes the dollar difficult to ignore. As long as the market believes that American rates can stay comparatively elevated, the euro faces a persistent headwind.The mov...