will be on edge this week ahead of a high-impact event on the U.S. calendar on Friday: the release of core PCE data, the Fed’s preferred inflation indicator. This report is likely to amplify volatility and may alter sentiment, so traders should prepare for the possibility of wild price swings in order to better respond to sudden changes in market conditions.
Eager to gain clarity on the euro's future trajectory? Access our quarterly trading forecast for expert insights. Secure your free copy now!rebounded this past week, but failed to decisively recapture its 200-day simple moving average at 1.0825. It's imperative to closely track this indicator in the coming days, as a push above it may trigger a rally towards 1.0890. On further strength, attention will turn to 1.0950.
In the scenario of sellers reasserting control and kickstarting a pullback, the first potential support area arises around the 1.2600 handle. Further losses past this juncture could pave the way for a decline towards trendline support and the 200-day simple moving average, located at 1.2570.Wondering about the yen's prospects – will it continue to weaken or mount a bullish comeback? Discover all the details in our quarterly forecast.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyFX - 🏆 305. / 63 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »