The EUR/USD pair sees a slight uptick to 1.0788 after the February Core Personal Consumption Expenditure (PCE) inflation data aligns with market expectations. Despite the release of US inflation data, the EUR/USD remains relatively unchanged, trading at 1.0788 with minimal gains of 0.02%.

Core PCE Data Matches Market Consensus

The latest data from the US Bureau of Economic Analysis (BEA) reveals that the Core PCE inflation for February stood at 0.3% month-on-month and 2.8% year-on-year, which aligns with market forecasts. Meanwhile, headline PCE figures also showed a modest increase, with a 0.3% month-on-month rise, although slightly lower than expectations. However, the 12-month PCE figure was 2.5%, a tenth higher than the previous month.

EUR/USD Technical Outlook

Despite thin liquidity conditions, the EUR/USD briefly dipped below 1.0780 before rebounding above 1.0790. Buyers are now targeting a clear break above 1.0800, facing intraday resistance near that level’s 50-Simple Moving Average (SMA). Additionally, traders monitor upcoming speeches by San Francisco Fed President Mary Daly and Fed Chair Jerome Powell for further market cues.

Key Takeaways

  • EUR/USD remains relatively unchanged after the release of the Core PCE data.
  • Core PCE inflation for February meets market expectations.
  • EUR/USD faces intraday resistance near 1.0800.
  • Traders await speeches by Fed officials for further guidance on monetary policy.


Today last price1.0798
Today Daily Change0.0009
Today Daily Change %0.08
Today daily open1.0789
Daily SMA201.0876
Daily SMA501.0837
Daily SMA1001.0875
Daily SMA2001.0836
Previous Daily High1.0828
Previous Daily Low1.0775
Previous Weekly High1.0942
Previous Weekly Low1.0802
Previous Monthly High1.0898
Previous Monthly Low1.0695
Daily Fibonacci 38.2%1.0795
Daily Fibonacci 61.8%1.0808
Daily Pivot Point S11.0767
Daily Pivot Point S21.0745
Daily Pivot Point S31.0714
Daily Pivot Point R11.082
Daily Pivot Point R21.0851
Daily Pivot Point R31.0873

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