EUR/USD suffered large losses on Tuesday as the US Dollar (USD) gathered strength against its rivals. Early Wednesday, the pair seems to have gone int
EUR/USD stabilized near 1.0600 following Tuesday's sharp decline. 1.0570 aligns as a key near-term support for the pair. Investors could refrain from taking large positions ahead of the ECB's policy announcements. o a consolidation phase at around 1.0600. The pair's technical outlook points to a lack of buyer interest but the action could remain subdued ahead of the European Central Bank's monetary policy announcements on Thursday.
For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Early Wednesday, the USD holds its ground amid a negative shift seen in risk mood, as reflected by falling US stock index futures. Meanwhile, the data from Germany revealed that the IFO - Current Assessment Index improved to 89.2 in October from 88.7 in September.
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