EUR/USD PRICE FORECAST: SHORT-TERM OUTLOOK REMAINS BEARISH
EUR/USD went up: The Euro rose above 1.0400 against the US Dollar on Wednesday.
US Dollar lost strength: The Dollar couldn't hold onto its gains after the inflation report (CPI).
Powell repeated his message: The US Federal Reserve Chief, Jerome Powell, gave the same comments in his second speech to Congress.
Short-term trend is bearish: Despite the rise, the overall outlook for EUR/USD remains weak.
