EUR/USD Forecast: Euro sellers retain control ahead of key inflation data

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EUR/USD Forecast: Euro sellers retain control ahead of key inflation data
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EUR/USD closed in negative territory for the third consecutive day on Thursday and continued to edge lower early Friday.

EUR/USD trades slightly below 1.0400 in the European session on Friday. Inflation data from Germany and the US will be watched closely. The technical outlook points to a bearish shift in the near term. The pair's near-term technical outlook points to a bearish shift as investors await inflation data from Germany and the US. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the Japanese Yen.

0380-1.0390 and starts using this level as resistance, additional losses toward 1.0350-1.0360 and 1.0300 could be seen. Looking north, resistance levels could be spotted at1.0440 , 1.0500-1.0510 and 1.0540 . Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar.

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