US Bond interest recovery and the renewed uptrend against the US dollar around other currencies increased the downward pressure on the EUR / USD parity. The US Dollar Index is trading at 93.09 with 0.10% gain.
Bond interest rates rebounded from sales on the soft Consumer Price Index (CPI), with rising risk appetite reducing the demand for safe havens for the stocks.
Meanwhile, the sharp decline in industrial production data in the euro area contributes to the recent downward movement of the euro, with the bears now targeting key support levels in the 5 and 10 DMA jurisdictions near 1.1800 levels.
The EUR / USD pair is currently trading at 1.1414, down 0.07%.
Significant technical levels for EUR / USD
1.1800 (psychological level) and 1.1745-35 zone level support, 1.1840-50 (horizontal level), 1.1900 (psychological level) and 1.1950-55 region level parity.