EUR/USD STAYS FIRM AROUND 1.0840, WITH TRADERS EYEING GERMAN AND US INFLATION DATA

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  • The Euro is registering gains of 0.78% in the week after hitting a low of 1.0744.
  • A risk-on impulse, US Dollar weakness, and expectations for higher rates in the Eurozone boosted the EUR.
  • EUR/USD Price Analysis: Set to test 1.1000 above 1.0900; otherwise, it could fall to 1.0700.

The Euro (EUR) advanced for three straight sessions against the US Dollar (USD), but late in the North American session, the EUR/USD retreated, forming a doji. Hence, indecision is the game's name, as the greenback staged a recovery on Wednesday. The EUR/USD is trading at 1.0841, down 0.02%, as the Asian session begins.

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