The EUR/USD plummeted to 1.0487 on Wednesday, its lowest since early March, as investors continued to seek refugee in the US Dollar. Financial markets
price index rose by 3.9%, down from the July rate of 4.3%, while the monthly increase printed a modest 0.1%.
The macroeconomic calendar will offer some interesting figures next week, starting with the September US ISM Manufacturing PMI. S&P Global will also release the September Manufacturing PMIs for the EU and the US. Later in the week, S&P Global will publish the Services and Composite PMIs for both economies, while the US will unveil the official ISM Services index.
, in the meantime, keep heading south below their midlines, with the Relative Strength Index indicator currently at 37.shows bears retain control, with the ongoing advance understood as a mere correction. The 20 SMA offers a sharply bearish downward slope far below the longer moving averages and provides dynamic resistance at 1.0665. At the same time, the Momentum indicator resumed its decline within negative levels, although it remains stuck within familiar levels.
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