EUR/USD came under renewed bearish pressure on Monday and fell to its weakest level in three weeks near 1.0800.
EUR/USD holds steady above 1.0800 after posting losses on Monday. June Consumer Price Index data from Germany will be watched closely by investors. The pair faces key support area at 1.0800-1.0810. Although the pair managed to erase a small portion of its losses, it is having a tough time gathering recovery momentum ahead of Tuesday's key macroeconomic data releases. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week.
On Tuesday, the US economic docket will feature Conference Board's Consumer Confidence data for July and JOLTS Job Openings for June. If there is a significant increase in job openings, the USD could hold its ground and weigh on EUR/USD. EUR/USD Technical Analysis The Relative Strength Index indicator on the 4-hour chart stays well below 50 despite edging slightly higher in the European morning on Tuesday. EUR/USD holds above the 1.0800-1.
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