Buy EURUSD following the uptrend channelDear traders! EUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Investors are now betting the Fed's rate cut causes US bond yields to fall, limiting the pair's downside.
In the short term, key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. This price increase is expected to reach the 1.0950 mark at least.