#EURUSD The latest market reporting shows EUR/USD around 1.1400, after falling to 1.1359, its lowest level since July 28. The pair is heading toward its third consecutive weekly decline.
Key drivers:
đșđž USD strength: DXY is around 101, supported by expectations of further Fed tightening. đ EUR/USD: Recent low 1.1359. đą Important support: 1.1356, the 100-week moving average. đŽ Resistance: 1.1450. đ Next major catalysts: U.S. PCE inflation, ISM Manufacturing and NFP next week. Interestingly, Eurozone PMIs were relatively strong, but they haven't prevented the recent EUR/USD decline.$EUR
Key drivers:
đșđž USD strength: DXY is around 101, supported by expectations of further Fed tightening. đ EUR/USD: Recent low 1.1359. đą Important support: 1.1356, the 100-week moving average. đŽ Resistance: 1.1450. đ Next major catalysts: U.S. PCE inflation, ISM Manufacturing and NFP next week. Interestingly, Eurozone PMIs were relatively strong, but they haven't prevented the recent EUR/USD decline.$EUR
