4/21/2021 8:09:12 AM GMT
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By Pablo Piovano
EUR/USD adds to Tuesday’s losses and approaches 1.20.
The dollar regains some poise along with higher yields.
Rising COVID cases in Asia supports the shift to the risk-off mood.
The single currency adds to Tuesday’s losses and forces
EUR/USD to extend the correction lower to the vicinity of the psychological 1.2000 yardstick.
EUR/USD challenges the 1.20 support
After hitting fresh multi-week highs in the vicinity of 1.2080 on Tuesday, EUR/USD failed to sustain the upside and now slips back to the 1.2000 neighbourhood, all amidst the resurgence of some risk aversion and the subsequent pick up in the demand for the buck.