💶 $EURUSD moves sideways in a narrow channel at around 1.0900 on Wednesday after having closed in negative territory on Tuesday. Read more about the Euro here! 👇
rive the pair's action in the second half of the day with American investors returning from the Independence Day holiday.declined 1.9% on a monthly basis in May, Eurostat reported on Wednesday. In the meantime, the latest survey of consumer expectations for inflation, conducted by the European Central Bank , showed that 12-month inflation expectation among Eurozone consumers decreased to 3.9% from 4.1%.
In the late American session, the Federal Reserve will release the minutes of June policy meeting. Ahead of this week's all important employment data releases, however, EUR/USD's reaction to this publication could remain short-lived.EUR/USD continues to trade below the 100- and 50-period Simple Moving Averages on the four-hour chart, which currently form resistance at 1.0900.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: To Remain in a Consolidation PhaseThe EUR/USD price bounced back on Friday after the US PCE and other economic numbers pointed to a rate hike this month.
Read more »
EUR/USD Forecast: Euro bulls turn hesitant as 1.0930 resistance holds💶 $EURUSD staged a rebound in the American session and closed flat on Monday. The pair is having a hard time making a decisive move in either direction and extending its rangebound action at around 1.0900. ⬇️ Read more about the Euro here!
Read more »
EUR/USD Forex Signal: Selling Off from Resistance Area AboveMy previous EUR/USD signal on 26th June was not triggered, as the bullish price action took place a bit below the support level identified at $1.0899.
Read more »
EUR/USD Forecast: Displays Minor Pullback as Buyers Eye ValuThe EUR/USD experienced a slight retracement during Monday\u0027s trading session, testing the 50-Day Exponential Moving Average once again.
Read more »
Euro Ahead of US Jobs Data: EUR/USD, EUR/AUD, EUR/GBP Price SetupsThe euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?
Read more »
EUR/USD trades with a mild positive amid subdued USD demand, remains below 1.0900The EUR/USD pair attracts some buying during the Asian session on Wednesday and recovers a part of the previous day's modest losses. Spot prices curre
Read more »