EUR/USD Eyes 1.09 Resistance Ahead of US, EU Inflation Data: Key Levels to Watch

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EUR/USD Eyes 1.09 Resistance Ahead of US, EU Inflation Data: Key Levels to Watch
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Forex Analysis by Investing.com (Damian Nowiszewski) covering: EUR/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

Meanwhile, the policy divergence could occur between the Fed and the ECB depending on the Eurozone CPI data this week.poised to cut

A similar scenario, albeit less dramatic, could unfold with EUR/USD in the coming months. If the Fed delays its pivot until next year while the ECB cuts rates now, the EUR/USD could weaken.The latter half of the week brings a packed macroeconomic calendar, likely to increase EUR/USD volatility. Investors will be closely watching key US data points, including

For a potential reversal of the broader correction, watch closely. Not only the lower channel limits but also the critical support level at 1.08 are crucial. A break below this support could trigger further declines, with the first target at 1.0740.This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way.

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