EURUSD Breaks 1.09

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/16140437/EURUSD-Breaks-1.09.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="EURUSD-Breaks-1.09" decoding="async" fetchpriority="high" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/16140437/EURUSD-Breaks-1.09.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2024/01/16140437/EURUSD-Breaks-1.09-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div>
<p>The Euro traded sharply lower in what appears to be a response to a lift in US yields. As the 1.09 level confirmed a break, price action could drop by another 50 pips. Cable is another casualty of a strong dollar, with price action moving in favour of the greenback. Timestamps EURUSD 1:20 GBPUSD 02:35</p>
<p>The post <a href="https://www.orbex.com/blog/en/2024/01/eurusd-breaks-1-09">EURUSD Breaks 1.09</a> appeared first on <a href="https://www.orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>