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Feb 28 - 02:55 AM

EUR/USD - Sideways, Awaits EU Inflation; US Data

By Catherine Tan  —  Feb 28 - 01:45 AM
  • EUR/USD sideways, last at 1.0588-91, traded amid 1.0580-1.0614 range so far

  • Downtrend intact, eyes DXY, US data, EU inflation and Fed speak

  • Spain and France's CPI estimate due today, ahead of Eurozone CPI on Thursday

  • US to release advance goods trade bal, S&P house prices, consumer confidence

  • Newly minted Chicago Fed President Goolsbee (dove) to speak in Indiana later

  • EUR/USD supports at 1.0533 overnight low, 1.0485 6th Jan (ytd) low

  • Resistance at 1.0633 10dma, 1.0660-70; short squeeze likely on break above

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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