EUR/USD PRICE FORECAST: OUTLOOK REMAINS SUBDUED BELOW 1.0840

EUR/USD PRICE FORECAST: OUTLOOK REMAINS SUBDUED BELOW 1.0840
EUR/USD PRICE FORECAST: OUTLOOK REMAINS SUBDUED BELOW 1.0840

EUR/USD PRICE FORECAST: OUTLOOK REMAINS SUBDUED BELOW 1.0840

EUR/USD regained balance, advancing towards the key 1.0600 level, showing a positive start to the week after fading Friday’s decline.

The US Dollar remains cautious ahead of the US Consumer Price Index (CPI) release, with alternating gains and losses around the 106.00 region.

The Federal Reserve (Fed) recently cut rates by 25 basis points, but concerns about the US labor market and inflation persist.

Fed Chair Jerome Powell emphasized a patient approach to future rate changes.

The European Central Bank (ECB) has kept rates steady since October, with inflation pressures remaining in the Eurozone, especially in Germany.

Geopolitical risks, especially in the Middle East, continue to contribute to market caution.