EUR/USD Current price: 1.0642 The United States will publish the Gross Domestic Product and PCE inflation this week. The better tone of stock markets limits the US Dollar advance in a quiet start to the week. The EUR/USD pair gains bearish traction in the near term and approaches the 1.0600 mark. The US Dollar started the week with a soft tone amid easing tensions in the Middle East, but recovers the ground lost.
So far, the macroeconomic calendar has little to offer, but the Eurozone will publish April Consumer Confidence early in the American session. Additionally, European Central Bank President Christine Lagarde is due to speak at Yale University and may comment on monetary policy. The US will not release relevant figures. EUR/USD short-term technical outlook The daily chart for EUR/USD shows the risk skews to the downside.