EUR/USD rose toward 1.0600 on Monday but lost its traction to end the day flat.
EUR/USD moves sideways in a tight range below 1.0600 on Tuesday. The technical picture points to a neutral outlook in the near term. Markets await US inflation data and ECB policy announcements. The pair fluctuates in a narrow channel slightly above 1.0550 in the European morning on Tuesday.
An upward revision could support the USD with the immediate reaction. Investors are likely to pay close attention to changes in risk perception in the second half of the day. In case US stocks gain traction, the USD could struggle to preserve its strength and help EUR/USD edge higher. EUR/USD Technical Analysis The Relative Strength Index indicator on the 4-hour chart moves sideways near 50 early Tuesday, reflecting EUR/USD's indecisiveness. On the upside, 1.
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