EUR/USD hit the weekly low 1.0834

EUR/USD hit the weekly low 1.0834, Eurozone Retail Sales, US employment/PMI data eyed


EUR/USD resumed offering to recover recent losses around the short week as it moved from 1.0842 to 1.0850 early Thursday morning in Europe. In doing so, the Euro pair is preparing for a higher figure from the Eurozone and the United States.

It should be noted that the minutes of the meeting of the Federal Reserve (Fed) are accompanied by mixed statements from the leaders of the European Central Bank (ECB) and negative risks to measure the price of EUR / USD.

European Central Bank (ECB) policy and the head of the Bundesbank Joachim Nagel said on Wednesday that "interest rates have risen," adding that it is "too early to say. How far". In the same way, German Chancellor Olaf Scholz said on Wednesday, "We cannot continue with 0% interest rate", and said that they support the European Central Bank (ECB) in its fight, there as reported by Reuters.

EUR/USD Technical analysis:


Current EUR/USD price is 1.0845. Somehow our experts might forecast that today price range will be stable around 1.0865  to lower 1.0825. Let's see how far the thing goes and what will be next updated price.

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