EUR/USD Stalls Near Two-Month High Amid Dollar Yield Rebound
The EUR/USD pair saw a significant rally in Europe, reaching a two-month high of 1.1614 due to declines in US yields and a rebound in gold and silver prices.
However, sellers emerged in New York as the dollar and US yields began to rise, weighing on the pair.
The pair neared 1.1575 by the afternoon session in New York, with only a 0.07% gain for the day.
A daily inverted hammer candle formed, which may be a concern for EUR/USD bulls.