The EUR/USD pair holds on to familiar levels, trading in a tight range just below the 1.0800 mark.
EUR/USD Current price: 1.0799 Market players await the release of the US Consumer Price Index on Wednesday. Fed eral Reserve speakers stand out in the American session. EUR/USD is poised to extend its advance in the near term, although volatility is limited. Major currency pairs still struggle for direction amid the absence of fresh clues.
6 billion, slightly below the February reading. The US session will bring multiple Fed officials’ speakers, who have lately had no relevant effect on the USD price. EUR/USD short-term technical outlook From a technical point of view, the risk skews to the upside, although additional gains are still unclear. The daily chart for the EUR/USD pair shows it is battling to overcome a mildly bearish 200 Simple Moving Average , while the 100 SMA provides resistance around 1.0840.
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