EUR Finds Support: Overview for January 18, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_4-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair stabilizes following a decline.</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> regained stability on Thursday after a recent downturn, with the current EUR/USD exchange rate at 1.0893.</p>

<p>Yesterday's release of statistics prompted the market to reassess its outlook.</p>

<p>In December, final <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> in the eurozone surged to 2.9% year-on-year, a notable acceleration from the preceding 2.4%. While the data aligned with expectations, it failed to alleviate market concerns&mdash;raising the possibility of a renewed uptrend in prices.</p>

<p>In the United States, industrial production saw a modest increase of 0.1% month-on-month in December, following no changes in November. Annually, the indicator rose by 1.0%. The capacity utilization rate in the US for December remained at 78.6%, unchanged from November.</p>

<p>Retail sales volume expanded by 0.6% month-on-month in December, surpassing the anticipated 0.4%. On a year-on-year basis, retail sales increased by 5.6%.</p>

<p>A crucial development is the strengthening pro-inflationary signal, hinting at potential future price acceleration. Consumers appear to be managing well under high interest rates, having adapted and maintained robust spending habits.</p>

<p>It appears that the Federal Reserve will need to approach any decisions regarding lending cost reductions with careful consideration.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/18/eur-finds-support-overview-on-january-18-2024/">EUR Finds Support: Overview for January 18, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>