EUR/USD losing streak | 29 February 2024

29 February 2024, EUR/USD

EUR/USD losing streak

Events to pay attention to today:

09:00 EET. EUR - Retail Sales m/m

15:00 EET. EUR - CPI m/m

15:30 EET. USD - Initial Jobless Claims and Core PCE Price Index

EURUSD:

The EUR/USD has fallen for the third consecutive session as traders remain cautious ahead of the release of key US personal consumption expenditure and price index data. This data could potentially influence the Federal Reserve's monetary policy stance. During Asian trading on Thursday, the pair dropped to the 1.0830 level.

On Thursday, investors will have to digest a lot of data, including retail sales in Germany and the Consumer Price Index (CPI), which will be closely followed by US Personal Consumption Expenditure (PCE) inflation. On Friday, the week will close with the pan-European Harmonised Index of Consumer Prices (HICP) as well as the US Manufacturing Purchasing Managers' Index (PMI) for February.

Trading recommendation: If the price consolidates above 1.0860, we start buying.

Deposit $101 or more to your account and get an extra 101% of the amount. Let your trading become more efficient with every deposit! And hurry up, the offer is available until 30 April!

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .