The EUR/USD pair falls for a third consecutive day, trading below the 1.1100 ahead of Wall Street's opening.
EUR/USD Current price: 1.1082 The Eurozone Harmonized Index of Consumer Prices rose 1.8% in the year to September. Multiple Fed eral Reserve officials will hit the wires during American trading hours. EUR/USD is bearish in the near term, may extend its slide towards 1.1000. The EUR/USD pair falls for a third consecutive day, trading below the 1.1100 ahead of Wall Street's opening. The US Dollar benefits from a sour market mood and comments from Fed eral Reserve Chair Jerome Powell.
Across the Atlantic, the United States has a busy session, as it will publish the Job Openings and Labor Turnover Survey and the ISM Manufacturing Index for September. Additionally, multiple Fed officials will be on the wires. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair seems poised to extend its slump. In the daily chart, the pair has broken below its 20 Simple Moving Average now providing dynamic resistance at around 1.1105.
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