EUR/USD is showing some volatility in Wednesday’s European session. The pair has moved lower after a senior member of the ECB hinted that an interest rate cut could be in the cards. In today’s economic releases, French data disappointed, as Final Non-Farm Payrolls and CPI fell below market expectations. The markets will be keeping a close eye on Eurozone Industrial Production. In the US, there are a host of releases, highlighted by Core Retail Sales and Retail Sales.
Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.
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