The EUR/USD pair fell early on Wednesday, finding intraday buyers at 1.0836.
EUR/USD Current price: 1.0851 German annual inflation rose by more than anticipated in May, according to preliminary estimates. Fed eral Reserve officials keep pouring cold water on potential interest rate cuts. EUR/USD holds within familiar levels as investors await fresh clues. Comments from Fed eral Reserve officials further diluted the odds of a September interest rate cut, spurring risk aversion across financial markets.
Additionally, Fed New York President John Williams is set to make a public appearance. EUR/USD short-term technical outlook The daily chart shows the EUR/USD pair unchanged for a second consecutive day. Still, it is losing bullish strength rather than suggesting an upcoming slump, as it is still trading above all its moving averages. Furthermore, the 20 Simple Moving Average maintains its bullish momentum and currently aims to cross above a flat 100 SMA, both converging around 1.0815.
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