The EUR/USD pair trades with a mild positive bias through the Asian session on Thursday and is currently placed near the 1.0630 region, or a two-and-h
EUR/USD steadily climbs back to over a two-week high touched on Wednesday amid a softer USD. Expectations that the Fed is nearing the end of its rate-hiking cycle continue to undermine the buck. Bulls now seem reluctant and keenly await the release of the US CPI report before placing fresh bets. alf-week peak touched the previous day. The US Dollar remains on the defensive in the wake of reduced bets for more interest rate hikes by the Federal Reserve .
0700 round-figure mark for the first time since September 20. The momentum could get extended further towards testing the 50-day Simple Moving Average , currently around the 1.0740 region, en route to the next relevant hurdle near the 1.0765 region, or the 38.2% Fibo. level. The latter should cap the upside amid speculations that further rate hikes by the European Central Bank may be off the table for now. On the flip side, the 1.
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