EUR/USD Forecast: Euro needs to reclaim 1.0570 to attract buyers

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EUR/USD Forecast: Euro needs to reclaim 1.0570 to attract buyers
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EUR/USD stabilized at around 1.0550 early Friday after posting large losses on Thursday. The technical outlook points to a loss of bullish momentum bu

EUR/USD stabilized near 1.0550 following Thursday's sharp decline. The pair could attract technical buyers if it manages to clear 1.0570. Risk perception could drive the USD's valuation ahead of the weekend. t buyers could show interest if the pair manages to flip 1.0570 into support. The renewed US Dollar strength forced EUR/USD to turn south in the American session on Thursday following the latest inflation figures. The Consumer Price Index in the US rose 3.

62% NZD -0.84% -0.68% -0.80% -0.78% -0.17% -0.51% -1.15% CHF 0.26% 0.44% 0.32% 0.35% 0.94% 0.60% 1.11% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .

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