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EURUSD Dives Below Key Support as Treasury Yields Surge on Strong Jobs Data

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The Story

News Summary

  • The EURUSD plummeted after breaching key support at 1.1576.
  • Strong US jobs data triggered a surge in Treasury yields, boosting the dollar.
  • Market sentiment is shifting toward a more hawkish Federal Reserve outlook, placing significant downward pressure on the pair as it targets the 1.1504 level.
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Stored market data

EURUSD price history

1.16 +0.00% over the displayed period

Advisor Snapshot

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