EUR/USD finds support near 1.0710 but the outlook remains uncertain ahead of an eventful New York session. The US CPI and the Fed’s dot plot will provide cues about the time frame and number of rate cuts this year. ECB policymakers refrain from providing a specific interest-rate path. EUR/USD edges higher to 1.
This 'noise' is not very meaningful, and hence we are still more 'outlook driven' and will look still more closely at the inflation forecast,” Villeroy added, according to Reuters. Technical Analysis: EUR/USD returns inside triangle formation EUR/USD finds temporary support after sliding to an almost five-week low near 1.0710.
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