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Larissa-Trader
Jan 3, 2024 2:28 AM

EUR/USD Under 1.0900 Before US PMI, FOMC Minutes 

Euro Fx/U.S. DollarFXCM

Description

EUR/USD faces pressure from a stronger US Dollar, hovering near 1.0941, down 0.02%. Daily indicators suggest a potential downtrend continuation if it breaks below 1.0920. On the 4-hour chart, recovery is uneven from oversold levels, with potential further decline under 1.0920. Economic data and FOMC minutes await, as market sentiment remains cautious amid economic slowdown signals and risk aversion.
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