EURUSD Chart Technical Outlook Pair Holds Steady Below Mid-1.0900s, Eyes on Key Data Releases
The existing fundamental landscape lends support to the possibility of dip-buying around the EUR/USD pair. This prompts a cautious approach before concluding whether the recent recovery from its lowest point since June 13 has reached its limit. Looking ahead, investor attention turns to the US economic calendar, highlighted by the release of the Core PCE Price Index – the Fed’s favored inflation measure – and the Weekly Initial Jobless Claims during the early North American session.
These data points, combined with US bond yields and overall market risk sentiment, will steer USD demand and provide momentum for the EUR/USD pair. Nonetheless, the upcoming release of the widely monitored US non-farm payroll (NFP) report on Friday will undoubtedly retain the spotlight.