Place your trades for $EURUSD using our Forex signal
Enter your emailThere is a likelihood that the pair will keep falling as bears target the next support at 1.0800.Timeline: 1 day.pair retreated in the overnight session ahead of the upcoming US retail sales and the Federal Reserve decision.AdvertisementThe two main catalysts for the EUR/USD will be the upcoming US retail sales data and the Fed decision. Analysts expect the data to show that retail sales rose by 0.4% in February after rising by 3.8% in the previous month.
The US will also publish the latest import and export price index data. Economists expect that export prices rose to 1.6% while import prices rose to 1.5%. The rate hike will be necessary to curb the rising inflation. Data published by the Bureau of Labor Statistics showed that the country’s inflation rose to 7.9% in February, which was the highest level in over 40 years. The core CPI also rose by 6.4%, which was the highest point in decades.
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