EUR/USD - Review from 12.11.2024

Financial and commodity markets analytics


The EUR/USD pair has updated its local minimum and found support in the previously described range of 1.0600-1.0670.

From the news affecting market expectations and price dynamics, on Tuesday, the publication of the consumer price index in Germany can be highlighted. In addition, traders and investors anticipate data on the US consumer price index, which will be known on Wednesday. If the decline in quotes continues and the minimum is updated, located in the area of the 1.0600 mark, the price can find the next support zone closer to the 1.0530 level.