The US Dollar started the week with a firm footing, maintaining its positive momentum against most major rivals.
EUR/USD Current price: 1.0909 Chinese headlines lead the way throughout the first half of the day. Fed eral Reserve officials’ speeches stand out in the American session. EUR/USD’s sellers looking for fresh lows below the 1.0900 threshold. The EUR/USD pair eased towards the 1.0900 area during European trading hours, pressured ahead of the American opening.
During United States trading hours, the focus will be on some Federal Reserve officials, offering different speeches that may or may not provide clues on where the central bank is heading next. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair is set to keep falling. In the daily chart, the pair has posted a lower low and a lower high while meeting sellers around a flat 100 Simple Moving Average , currently at around 1.0935.
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