EUR/USD saw a slight rise, nearing the 1.0930 level on Tuesday, bouncing back from previous losses. Investors are watching US inflation data, which could impact the pair’s movement.

There’s a 55.2% chance of a 0.25% rate cut by June, according to the CME FedWatch Tool. Market expectations for German inflation in February remain steady.

The pair faced resistance amidst cautious trading before the US Consumer Price Index (CPI) release. If the CPI shows a month-over-month increase, it might lessen the likelihood of a near-term Fed rate cut, strengthening the USD and posing challenges for EUR/USD.

ECB President Christine Lagarde is taking a careful stance, emphasizing the need for more evidence before considering rate adjustments. The ECB intends to maintain its current monetary policy to return inflation to target levels.

Investors are also watching Germany’s CPI data release on Tuesday. The ECB’s optimistic outlook could support the Euro, potentially benefiting EUR/USD.


Today last price1.0934
Today Daily Change0.0008
Today Daily Change %0.07
Today daily open1.0926
Daily SMA201.0832
Daily SMA501.0854
Daily SMA1001.0845
Daily SMA2001.0835
Previous Daily High1.0948
Previous Daily Low1.0914
Previous Weekly High1.0981
Previous Weekly Low1.0838
Previous Monthly High1.0898
Previous Monthly Low1.0695
Daily Fibonacci 38.2%1.0927
Daily Fibonacci 61.8%1.0935
Daily Pivot Point S11.0911
Daily Pivot Point S21.0896
Daily Pivot Point S31.0877
Daily Pivot Point R11.0944
Daily Pivot Point R21.0963
Daily Pivot Point R31.0978

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