Analysis

The EUR/USD pair builds on the previous day's goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on Friday.

The market’s Fed-centric tilt continues unabated as the wait for rate cuts rolls on.

The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting.

The EUR/USD pair struggles to gain any meaningful traction during the Asian session on Thursday and oscillates in a narrow band, just above the 1.1000 psychological mark, or a four-week low touched the previous day.

The Euro is set to end Wednesday’s session with minuscule losses against the Greenback, dropping 0.04% after the latest US inflation report showed that the core Consumer Price Index (CPI) stalled in August.

Scope for the Euro (EUR) to test 1.0995 before the risk of recovery increases.

The EUR/USD retreated on Tuesday after the latest inflation report in Germany, which increased the likelihood of another interest rate cut by the European Central Bank (ECB).

EUR/USD struggles to gain ground near its weekly low of 1.1030 in Tuesday’s European session.

The EUR/USD pair recovers a few pips from a one-week low, around the 1.1030-1.1025 area touched during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak.

The Euro registered losses of 0.44% on Monday as the shared currency extended its fall after clearing the 1.1100 support level.

EUR/USD inches lower to near 1.1070 during the Asian session on Thursday. The downside of the EUR/USD pair could be attributed to improved US Dollar (USD) amid rising US Treasury yields.

European Central Bank policymaker Joachim Nagel said on Tuesday that "the great wave of inflation is over", adding he will not decide whether to vote to cut rates in September until next week, per Reuters.

EUR/USD tilted further into the low side on Tuesday, with intraday bottom bids testing into two-week lows before settling the day near 1.1050 once again.

EUR/USD found a thin bid on Monday, kicking off the new trading week finding a foothold near 1.1050 as the Fiber tries to hang onto near-term gains.

The EUR/USD pair recovers some lost ground around 1.1080, snapping the two-day losing streak on Friday during the early Asian session.

The EUR/GBP cross trades in negative territory for the seventh consecutive day near 0.8415 during the early European session on Thursday.

EUR/USD slipped back below 1.1150 as bidders struggle to maintain balance.

EUR/USD drifted into the high side on Tuesday, bolstered by a continued broad-market easing in Greenback bidding pressure.

The EUR/JPY cross trades on a stronger note near 161.60 during the early European session on Tuesday.

EUR/USD failed to capture 1.1200 on Monday as markets pare back risk flows.