EUR/USD Current price: 1.0911 The German ZEW Survey showed an unexpected improvement in Economic Sentiment. Wall Street struggles in the near term, but US indexes continue to post record highs. EUR/USD keeps posting lower lows, in line with the dominant bearish trend. The US Dollar remained bid through the Asian session, but lost some ground after European trades reached their desks.
9 in October after rising by 11.5 in the previous month. Different Federal Reserve officials will be on the wires later in the day. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair is still poised to extend its slide. The daily chart shows it is trading around its opening but also that it posted a lower low and a lower high. Even further, EUR/USD develops below an almost flat 100 Simple Moving Average , providing dynamic resistance at around 1.0945.