$EURUSD Forex Signal: Consolidation to Remain Amid Thin Volumes
It was trading at 1.0620, which was a few points above last week’s low of 1.0570. This price was a few points below this month’s high of 1.0737.The EUR/USD price was in a tight range on Tuesday morning. While markets remained open, volume was extremely thin as many traders remained in holiday mode. This volume is expected to remain low this week as investors take a breather.
Europe’s inflation remains stubbornly high while risks for a recession have risen sharply in the past few months. The most recent economic data showed that the headline consumer price index rose by 10.6% in November.
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