EUR/USD Forecast: Euro Ekes Out Marginal Gains Ahead of US CPI - DailyFX
5/11/2022 12:00:00 AM2 years 11 months ago
by Warren Venketas
by Warren Venketas
The Euro lays apprehensive at a key area of confluence as US CPI nears, while the recent sideways EUR/USD price action is setup for a breakout post-announcement.
EUR/USD ANALYSIS
- German CPI – ACT: 7.4%, EST: 7.4%
- ECB officials supportive of rate hikes post-APP.
- Growth headwind in the form of Russian oil embargo.