The US Dollar is marginally lower on Monday, helping EUR/USD to retain the 1.0800 threshold.
EUR/USD Current price: 1.0830 Weekend news put investors in cautious mode in a data-scarce week. Federal Reserve speakers and US inflation take the spotlight in the upcoming days. EUR/USD bounced from around 1.0800 but lacks enough strength to extend the rally. Nevertheless, the Greenback maintains most of its central-banks-inspired gains and trades not far from its March low of 1.0794.
Data-wise, the focus is on Friday, when the United States will release the Personal Consumption Expenditures Price Index report. The core annual PCE Price Index is the Fed’s favorite inflation gauge, and the news could affect rate-cut expectations. EUR/USD short-term technical outlook The EUR/USD pair bounced from the 61.8% Fibonacci retracement of the 1.0694/1.0981 rally at 1.0803 while holding below the 50% retracement at 1.0840.
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