The EUR/USD is looking to build out a floor on Tuesday, down a scant 0.18% for the day's market session as Euro (EUR) bulls try to find a foothold hea
ding into Wednesday's data dump. The pair is trading near 1.0470 as broad-market USD support remains high.
Wednesday will also bring US Services Purchasing Manager Index figures, with September's PMI slated to printed a mild downtick from 54.5 to 53.6.The European Central Bank is firmly off their rate hike cycle, and markets are broadly expecting that no meaningful rate increases will be coming from the
A descending trendline from the year's high remains firmly in place, and price action continues to slump far below the 200-day Simple Moving Average near 1.0825.
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