EUR/USD Weekly Forecast: Market players not getting what they want
The EUR/USD pair remained under selling pressure throughout the week, extending its slide to a fresh 2024 low of 1.0722 on Monday.
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The EUR/USD pair remained under selling pressure throughout the week, extending its slide to a fresh 2024 low of 1.0722 on Monday.
EUR/USD cycled Tuesday’s opening bids in a tight pattern as investors await further indications of when central banks will begin making rate cuts with broader markets hinging their focus on interest rate activity.
EUR/USD staged a technical correction and rose above 1.0750 early Tuesday after touching its weakest level since mid-November near 1.0720 on Monday.
The EUR/USD pair bottomed for January at 1.0723 on Monday and trades nearby as the new day develops.
The USD is mixed after being the strongest of the major currencies yesterday.