EUR/USD in a Consolidation Phase: Overview for December 19, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_18-360×360.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 persists in its consolidation mode.</p>

<p>As of Tuesday, 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> remains in a consolidation phase, with the current EUR/USD exchange rate at 1.0921.</p>

<p>The foreign exchange market is still digesting the information received last week, ranging from decisions by key regulators to a slew of crucial statistics. The primary global anticipation revolves around monetary easing in 2024.</p>

<p>While Monday saw no significant statistical releases, today marks the commencement of data publication.</p>

<p>One noteworthy report is the final Consumer Price Index (<a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a>) for November in the eurozone. Expectations are for a decrease to 2.4% year-on-year, down from the previous 2.9%. The market's favorability toward this report could bode well for the EUR.</p>

<p>Later today, the United States will release housing market statistics, particularly data on building permits issued in November. Projections suggest a decrease to 1.470 million from the previous month's 1.498 million.</p>

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