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EUR/USD slow grind continues on Wednesday as pair struggles near 1.0750

From fxstreet.com

EUR/USD saw a thin grind higher on Wednesday before a late break to the downside in the US market session followed by a slim recovery into the day’s mid-range. The pair tested back into familiar territory near 1.0750 after touching a minor intraday high of 1.0784. European economic figures continue to soften, with multiple mid-week prints missing expectations. Rate cut seekers will be keeping a close eye on Thursday’s European Central Bank (ECB) Economic Bulletin for clues about how close the ECB is to giving markets a rate cut after rates in the euro area hit their current peak last September. Germany’s MoM ... (full story)

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  • Category: Technical Analysis