The EUR/USD pair spent the first half of the day trading uneventfully at around 1.0930, retaining recent gains but static ahead of the European Central Bank (ECB) monetary policy decision.
EUR/USD Current price: 1.0928 The European Central Bank left interest rates unchanged, as widely anticipated. United States unemployment figures resulted worse than expected. EUR/USD holds on to higher ground but lacks directional strength. The EUR/USD pair spent the first half of the day trading uneventfully at around 1.0930, retaining recent gains but static ahead of the European Central Bank monetary policy decision.
Meanwhile, the United States released Initial Jobless Claims for the week ended July 12, which unexpectedly jumped to 243K, much worse than anticipated. On the other hand, the July Philadelphia Fed Manufacturing Survey improved much more than anticipated, hitting 13.9 after printing at 1.3 in June. EUR/USD short-term technical outlook The EUR/USD pair consolidates in a tight range near its recent multi-month high at 1.0947, and technical readings in the daily chart show buyers paused.
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