- EUR/USD picks up extra pace and approaches 1.1800.
- German IFO Business Climate surprised to the upside.
EUR/USD so far halts three consecutive daily pullbacks, including new 2021 lows in the 1.1760 (Thursday), and manages to advance to the vicinity of the 1.1800 zone on Friday.
The likeliness of another wave of the coronavirus pandemic, further lockdown restrictions and the poor pace of the vaccination campaign in Europe all collaborate in the selling pressure around the shared currency and the deterioration of the sentiment surrounding the pair for the time being.
From a technical perspective, EUR/USD remains under heavy pressure and breaks below the 1.1800 neighbourhood to record new yearly lows, always amidst increasing upside pressure around the dollar.The rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery.
