EUR/USD comes under pressure and retreats below 1.0900 ahead of data, ECB – by pabspiovano EURUSD Currencies Majors ECB
The greenback appears bid ahead of key data releases.The weekly uptrend in EUR/USD appears to have met a solid barrier around the monthly highs near 1.0930 on Friday.gives away some ground after four consecutive daily advances at the end of the week on the back of disappointing results from the German docket in combination with renewed buying interest in the greenback.
In the US, all the attention will be on the publication of the inflation measured by the PCE along with Personal Income/Spending and the final Michigan Consumer Sentiment.The weekly recovery in EUR/USD struggles to surpass the area of the March high around 1.0930. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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