EUR/USD makes a U-turn, climbing to daily highs nearby 0.9800 after hot US inflation – by christianborjon EURUSD Majors UnitedStates Inflation Fed ECB
will feature inflation readings for France, and Spain, alongside the EU’s Trade Balance. On the US front, US Retail Sales, UoM Consumer Sentiment, and further Fed speakers will offer fresh impetus for EUR/USD traders.shows the pair remains as downward biased, trading below the DMAs. At the time of typing, the exchange rate is testing the 20-day EMA, which, if cleared, could send the EUR/USD toward the 50-day EMA at 0.9956.
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