EUR/USD Price Forecast: Remains sticky to 20-day EMA
The Euro (EUR) is marginally higher to near 1.1625 against the US Dollar (USD) during the European trading session on Monday. The major currency pair trades broadly sideways amid an extended weekend in the United States (US) due to Labor Day.
During the European trading session on Monday, the Euro (EUR) remained slightly higher at around 1.1625 against the US Dollar (USD). The pair showed a sideways trend due to the U.S. extended weekend and Labor Day. The primary factors influencing EUR/USD in the coming week will be the European Central Bank's (ECB) monetary policy announcement on Thursday and the release of the U.S. Consumer Price Index (CPI) data on Friday.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
