The US Dollar keeps grinding higher on Tuesday, resulting in EUR/USD falling to a fresh two-week low in the 1.0850 price zone.
EUR/USD Current price: 1.0858 Financial markets are cautiously optimistic ahead of big names earning reports. United States' upcomingfirst-tier data exacerbates the cautious stance. EUR/USD poised to extend its slide, near-term support at 1.0820. The Greenback benefits from a cautious mood ahead of earnings reports. Multiple S&P500 big names will report results this week, and investors eagerly await the outcome before compromising with a particular position.
The country will release the first estimate of the Q2 Gross Domestic Product and fresh Personal Consumption Expenditures Price Index data. After the US opening, the Eurozone will publish the preliminary estimate of July Consumer Confidence, while the US will release June Existing Home Sales and the Richmond Fed Manufacturing Index for July. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair is at risk of extending its slide.
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