The EUR/USD pair remains steady around the mid-1.0800s today, showing little movement amid mixed signals from economic factors. Traders are hesitant, waiting for important events from central banks this week before making significant moves. Specifically, they’re watching for Federal Reserve Chair Jerome Powell’s congressional testimony and the European Central Bank’s monetary policy decision.

Investors are also eyeing upcoming US economic data, notably the Nonfarm Payrolls report due on Friday. Reduced expectations for aggressive interest rate cuts by the ECB are supporting the euro, while anticipation of rate cuts by the Fed is weakening the dollar.

However, a slightly cautious tone in global markets, as seen in softer equity prices, is boosting the safe-haven appeal of the US dollar and preventing significant gains in the EUR/USD pair. Traders are waiting for clearer signals before committing to a direction, particularly considering the recent rebound in the pair from its recent lows. They’ll be watching for any impact from the final Eurozone Services PMIs before focusing on the US ISM Services PMI.


Today last price1.0853
Today Daily Change-0.0003
Today Daily Change %-0.03
Today daily open1.0856
Daily SMA201.0797
Daily SMA501.0868
Daily SMA1001.0828
Daily SMA2001.083
Previous Daily High1.0867
Previous Daily Low1.0838
Previous Weekly High1.0866
Previous Weekly Low1.0796
Previous Monthly High1.0898
Previous Monthly Low1.0695
Daily Fibonacci 38.2%1.0856
Daily Fibonacci 61.8%1.0849
Daily Pivot Point S11.084
Daily Pivot Point S21.0824
Daily Pivot Point S31.0811
Daily Pivot Point R11.0869
Daily Pivot Point R21.0883
Daily Pivot Point R31.0899

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