Following the release of the headline US PCE in April, which came in below forecasts, EUR/USD continues to be on the defensive and navigates the low-1.1300s on the back of a decent rebound in the US Dollar. Spot, in the meantime, is expected to enter a cautious mode pre-ECB meeting in the next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.