Dear friends!
Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar.
If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar.
If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
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