EUR Stabilizes: Overview for December 18, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_17-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair has found its footing.</p>

<p>The primary <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/" data-internallinksmanager029f6b8e52c="142" title="Currency Pair">currency pair</a> steadied itself on Monday, with the current EUR/USD exchange rate holding at 1.0910.</p>

<p>After a surge in <a href="https://blog.roboforex.com/blog/2020/08/20/what-is-volatility-and-how-to-use-it-on-forex/" data-internallinksmanager029f6b8e52c="150" title="Volatility">volatility</a> last Thursday and Friday, fueled by a slew of crucial market statistics, stability is expected to return as the market digests the gathered data.</p>

<p>As anticipated, the meetings of the US Federal Reserve and the European Central Bank concluded with the maintenance of interest rates at 5.50% and 4.50%, respectively.</p>

<p>Preceding this, the market witnessed ample statistical data. November's retail sales in the US increased by 0.3% m/m following a decline in the previous month. Industrial production saw a 0.2% rise, slightly below the anticipated growth of 0.3%. October had witnessed a 0.9% decline in industrial production parameters. The US PMI in production for December witnessed a drop to 48.2 points, presenting a critical report. These figures are unsurprising given the persistently high <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a>.</p>

<p>November saw industrial production in the US falling below expectations, with the capacity utilization index also delivering less-than-impressive results.</p>

<p>Now, the market has the opportunity to thoroughly analyze the available data.</p>

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