The EUR/USD pair peaked at 1.0915 early on Tuesday, as the US Dollar gathered bearish momentum in Monday's American session following tepid growth-related United States (US) data.
EUR/USD Current price: 1.0869 The US Dollar turned higher as risk aversion took over financial markets. United States employment figures could affect the upcoming Fed eral Reserve decision. EUR/USD retreated from above 1.0900, but additional losses not clear yet. The EUR/USD pair peaked at 1.0915 early on Tuesday, as the US Dollar gathered bearish momentum in Monday's American session following tepid growth-related United States data. The ISM Manufacturing PMI unexpectedly contracted to 48.
In the next few days, the US will publish the ADP survey on private job creation, weekly unemployment figures and the Nonfarm Payrolls report. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair showed it trimmed half of Monday's gains, but the bearish potential remains limited. The pair continues to develop above all its moving averages, with the 20 Simple Moving Average maintaining its upward slope above directionless 100 and 200 SMAs.
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