EURUSD Forex Signal: Extremely Bearish Ahead of US Data
The EUR/USD price continued dipping on Monday morning as the crisis in Ukraine continued and after the strong American job’s numbers.
In addition, the agency said that the economy created more than 263k jobs in September, which was better than the median estimate of 235k. This increase was much lower than what the bank created in the previous month. The next key data to watch will be America’s consumer inflation data scheduled on Wednesday. Economists polled by Reuters expect the data to show that the headlinedropped from 8.3% to 8.1%. Core CPI, which excludes the volatile food and energy prices, is expected to have risen from 6.3% to 6.5%.
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