The EUR/USD pair fell to 1.0223, its lowest since November 2022, finally stabilizing in the 1.0250 region.
EUR/USD Current price: 1.0255 Uncertainty kept financial markets in risk-averse mode on Thursday. United States encouraging data further fueled the US Dollar strength. EUR/USD approached the 1.0200 threshold, still aiming for lower lows. The US Dollar strengthened particularly against high-yielding rivals as fear overtook financial markets in the aftermath of the New Year holiday.
4, better than the previous estimate of 48.3. Friday will bring the official US ISM Manufacturing PMI, foreseen stable at 48.4. A better-than-anticipated reading should provide additional support to the USD despite near-term overbought conditions. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair shows it is poised to extend its slump after falling below a bearish 20 Simple Moving Average , providing dynamic resistance at around 1.0450.
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