forecast<\/a> to increase from 2.2% to 2.%. Wednesday will also see the Federal Reserve’s (Fed) latest meeting minutes getting published at 18:00 GMT.<\/p>\nIn the late week will be a collection of speeches from ECB officials followed by the ECB’s own published meeting minutes, followed by the US Consumer Price Index (CPI) printing, which is expected to decline slightly from 4.3% to 4.1% over the annualized period into September.<\/p>\n
To close out the trading week will be the Michigan Consumer Sentiment Index for October, which is seen declining, albeit slightly, from 68.1 to 67.4.<\/p>\n
EUR\/USD Technical Outlook<\/h2>\n
The Euro is seeing some twisting intraday action with hourly candles cycling the 50-hour Simple Moving Average (SMA) that is rising into 1.0550, and the EUR\/USD is currently testing 1.0565, down a scant 0.08% from the day’s highs set early in the day at the market open.<\/p>\n
EUR\/USD daily candles remain notably bearish, with current price action trading far below the 50-day SMA, which has confirmed a bearish cross of the 200-day SMA near 1.0825. A declining trendline from July’s tops near 1.1275 remains firmly in place, and the Euro’s three-day rebound from 1.0448 still sees the EUR\/USD trading near 2023’s lows.<\/p>\n
EUR\/USD Hourly Chart<\/h2>\n<\/p>\nEUR\/USD Daily Chart<\/h2>\n
![\"\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USDD-638324730346545201.png\")
<\/p>\n
EUR\/USD Technical Levels<\/h2>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: The EUR\/USD started Monday with a dip to 1.0519 before edging back. The Euro still remains down against the US Dollar for Monday, but losses are paring back. Market sentiment is rebalancing after getting knocked off-kilter by geopolitical escalations in the Gaza Strip. The EUR\/USD is testing upwards into 1.0570 after slipping down into […]<\/p>\n","protected":false},"author":2,"featured_media":2917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,276,433,255,250,252,247,253,249,256,254],"class_list":["post-171124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-currencies","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=171124"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171124\/revisions"}],"predecessor-version":[{"id":171126,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171124\/revisions\/171126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/2917"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=171124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=171124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=171124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}