EUR/USD managed to maintain a finger grip on chart paper north of the 1.9000 handle.
EUR/USD tested lower on Thursday, finding the 200-day EMA. Euro data remains thin this week, leaving Fiber to churn on US data. Coming up on Friday: US PPI inflation, UoM consumer sentiment figures. Fiber wound up closing lower, but recovered just enough to pull back from a deeper test of the 200-day Exponential Moving Average near the 1.0900 handle. Headline US CPI inflation fell less than expected through the year ended in September, declining from 2.5% to 2.4%.
Eurozone economic data, such as inflation and growth figures, will be key in determining whether the euro can find support at current levels or if further downside risks will materialize. Traders should watch for any signs of reversal, but for now, the technical setup points toward additional weakness. EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone.
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