EUR/USD Tipped to Hit 1.1700 as Dollar Index Falls Below 99

The EUR/USD currency pair is likely to head towards 1.1700, according to recent market analysis. The Dollar index has declined below 99 and appears bearish in the near term, favoring a rise in the Euro.

The USDJPY and EURJPY have plummeted, and their trends suggest strongly bearish movements towards 150-148 and 175/170 respectively. In contrast, the Aussie and Pound are looking bullish.

The US Treasury Yields remain stable in the early Asian session, with a potential for rise from here. The German Yields have risen well and could continue to do so in the coming days. The Dow remains range-bound between 52500-54000, while DAX can rise towards 26500.