The EUR/USD pair hovers around 1.0540 on Thursday, not far below its daily opening and confined to a tight trading range.
EUR/USD Current price: 1.0543 German inflation was softer than anticipated in November, according to preliminary estimates. The United States markets will remain closed amid the Thanksgiving Holiday. EUR/USD consolidates within a limited range, no signs of directional strength. The pair peaked at 1.0587 on Thursday, as the US Dollar shed ground following mixed United States data, anyway showing the economic resilience of the world’s largest economy.
4%, matching the October reading and below the 2.6% anticipated by market participants. The monthly reading printed at -0.7%, down from the previous 0.4% and below the -0.5% expected. EUR/USD short-term technical outlook The EUR/USD pair trades at the upper end on Wednesday gain, losing some ground on a daily basis but without clear directional momentum. In the daily chart, the pair remains below a firmly bearish 20 Simple Moving Average , which provides dynamic resistance at around 1.0625.
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