EUR/USD struggles to break above 1.0700 as bearish sentiment persists
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#5fbc89c3 ver:0.86
EUR/USD struggles to break above 1.0700 as bearish sentiment persists. Greenback remains favored due to dwindling rate cut hopes. Market sentiment driven by key data releases this week. Probability of rate cut now at 60%. Euro gains 0.3% this week, could break losing streak if PCE data is lower-than-expected. US dollar contained, traders wait for May PCE figures. Euro's gains limited by negative sentiment around France's snap elections. Momentum favors buyers if rate stays above 1.0714. #EURUSD #forex...
#newstr #Eur/usd #PceData #Euro #UsDollar
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