$EURUSD Forecast: Euro could test 1.0100 with key resistances staying intact by eren_fxstreet forex trading
at around 1.0200. The pair stays on the backfoot early Wednesday and the technical outlook suggests that additional losses are likely in the near term.
Early Wednesday, the greenback stays resilient against its major rivals as markets remain cautious with USIn the second half of the day, the US Census Bureau will release thedata for July, which is expected to show an increase of 0.1% on a monthly basis following the 1% expansion recorded in June. More importantly, the Federal Reserve will release the minutes of its July policy meeting at 1800 GMT.
On the downside, 1.0150 aligns as first support. Although the pair dropped below that level on Tuesday, it managed to rise back above it. If this level is confirmed as resistance, additional losses toward 1.0100 and 1.0050 could be witnessed.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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