EUR/USD remains under pressure below 1.0500 ahead of PPI
Hello everyone!
The EUR/USD pair continues to face selling pressure around the 1.0475 level after moving away from its lowest level in 10 months, near 1.0450, during the early Asian trading hours on Wednesday.
This indicates that better-than-expected US economic data, higher yields, and cautious sentiment in the market have lifted the Greenback against its counterparts and acted as a resistance for the EUR/USD pair.
The EUR/USD pair continues to face selling pressure around the 1.0475 level after moving away from its lowest level in 10 months, near 1.0450, during the early Asian trading hours on Wednesday.
This indicates that better-than-expected US economic data, higher yields, and cautious sentiment in the market have lifted the Greenback against its counterparts and acted as a resistance for the EUR/USD pair.
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what do you think?
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good luck
