The EUR/USD pair retreated after reaching a one-week high of 1.0805 and trades around 1.0770 ahead of the United States (US) opening.
EUR/USD Current Price: 1.0769 ECB and Fed speakers flooding the macroeconomic calendar at the beginning of the week. Investors await the United States January Consumer Price Index before jumping in. EUR/USD trades with a softer tone after failing to advance beyond 1.0800. The EUR/USD pair retreated after reaching a one-week high of 1.0805 and trades around 1.0770 ahead of the United States opening.
European Central Bank Governing Council member Pablo Hernandez de Cos said the ECB's March economic projections will be pivotal for deciding when to start cutting interest rates. Executive Board member Philip Lane will be next to hit the wires, followed by a row of Fed speakers in the American session. EUR/USD short-term technical outlook The EUR/USD pair trades in the red after advancing in the previous four days, and the technical picture suggests bears will maintain the pressure.
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