EU GDP data release and ECB Lagarde’s speech, due later in the day, will affect the pair.
EUR/USD continues to slide as US yields remain strong ahead of US Retail Sales.
EUR/USD continues to trade around yearly low levels of 1.1370 during the early Asian session on Tuesday. Multiple factors and data announcements due for later in the day as well as in the week will determine the pair’s outcome. At the time of reporting, the pair is trading at 1.1371, up by 0.1%. The currency pair has not been as low as this since July last year.
The market participants’ sentiments are going to be primarily affected by Federal Reserve speakers, the Eurozone’s upcoming Gross Domestic Product data release and European Central Bank (ECB) President Christine Lagarde’s speech, due for later in the day.