EUR/USD remains below mid-1.0900s, eyes US PCE Price Index data for fresh impetus

Share:

• EUR/USD consolidates its recent gains to over a two-week high touched on Wednesday.
• The USD stalls its recent decline near the 200-day SMA support and acts as a headwind.
• The downside seems cushioned as traders await the release of the US PCE Price Index.

The EUR/USD pair oscillates in a narrow trading band through the Asian session on Thursday and consolidates its recent gains to a two-and-half-week high touched the previous day. Spot prices currently trade below mid-1.0900s and remain at the mercy of the US Dollar (USD) price dynamics.