EUR/USD

USD rally pushed the euro below 1.22 once again after reaching our 1.2215 target, amid the rise of the US bond yields, bringing more pain for stocks and EUR/USD. However, the dollar may have a tough time holding on to gains with the coronavirus vaccinations and rapid global growth will probably keep the greenback under pressure. The bulls need to protect the 1.21 level to remain in control.

Support: 1.2130 / 1.2085

Resistance: 1.2180 / 1.2215