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EUR/USD Price Analysis: Trims the intraday gains near the 1.0600 major level

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EUR/USD trims intraday gains, trading around the 1.0600 psychological level during the European session on Wednesday. However, the pair received upwar

EUR/USD trims the intraday gains ahead of US economic data.

indicator suggests a change in momentum towards a bullish trend. Support at nine-day EMA, following the psychological level at 1.0500. d support due to the correction in the US Dollar , which could be attributed to the possibility of a pause in the interest rate-hike cycle by the US Federal Reserve . A decisive break below the level could contribute to pressure on the pair to navigate the area around the nine-day Exponential Moving Average at 1.0572, following the major level at 1.0500.

 

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