The EUR/USD pair edged higher on Monday, peaking at 1.0554 and heading into Wall Street’s closing trading a handful of pips below such a high. The we
EUR/USD Current Price: 1.0553 The market mood improved despite escalating tensions in the Middle East. The United States will publish September Retail Sales on Tuesday. EUR/USD bounced on Monday, but the risk remains skewed to the downside. ek started with a firmer US Dollar, as tensions in the Middle East keep affecting the market mood. Demand for safety, however, receded as the day went by, with the USD giving up ground against all its major rivals.
9 in September. Germany will release the October ZEW Survey on Economic Sentiment on Tuesday, while the US will publish September Retail Sales, seen up by a modest 0.3%. Later in the day, the country will release September Industrial Production and Capacity Utilization and August Business Inventories. EUR/USD short-term technical outlook From a technical point of view, EUR/USD advance falls short of hinting at another leg north.
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