EUR/USD Tests Key Barrier at 1.1174 Ahead of Jackson Hole - Breakout in the Cards?

Forex Analysis by Investing.com (Günay Caymaz) covering: EUR/USD, US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com

The market is now focused on Jerome Powell's upcoming speech alongside some key economic data from the US.

Despite a quiet week for Eurozone data, regional services and manufacturing reports impacted the pair. If EUR/USD closes above 1.114 daily over the next week, the trend could extend towards 1.128 . Beyond this target, medium-term goals for EUR/USD are 1.1360 and 1.147.

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