EUR/USD enjoyed significant gains as the US Dollar lost ground in a calm atmosphere. What’s next? Fresh inflation figures and Draghi’s testimony stand out in the last week of September. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
The US announced new tariffs on China on $200 billion worth of products, as expected. Markets seemed to take it in stride. However, the greenback enjoyed the rise in 10-year yields. ECB President Mario Draghi did not rock the boat. August’s inflation numbers were confirmed at 2% on the headline and 1% on the core, just before September’s preliminary numbers.
Updates:
EUR/USD daily chart with support and resistance lines on it. Click to enlarge:
