The EUR/USD pair maintains its positive tone on Tuesday, currently retreating from an intraday high of 1.1145, ahead of the United States (US) opening.
EUR/USD Current price: 1.1124 Investors maintain the focus on central banks, with the Fed scheduled for Wednesday. The German ZEW Survey brought a negative surprise in September. EUR/USD retreats from recent highs, but the bearish potential seems limited. The EUR/USD pair maintains its positive tone on Tuesday, currently retreating from an intraday high of 1.1145, ahead of the United States opening.
The Greenback gathered near-term momentum with the news, pushing EUR/USD towards the current 1.1120 price zone. The country will later unveil August Industrial Production and Capacity Utilization for the same month, as well as July Business Inventories. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair offers a neutral-to-bullish bias.
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