EUR/USD Outlook: Hovering Near Recent Lows Post-ECB Meeting

<div><img width="638" height="390" src="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png" class="type:primaryImage wp-post-image" alt="my EUR/USD price analysis forecast outlook" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png 638w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-300×183.png 300w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-150×92.png 150w" sizes="(max-width: 638px) 100vw, 638px" /></div>
<p>The dollar index soared to a six-month peak due to upbeat economic data. The European Central Bank indicated it was likely concluding its interest rate hike cycle. The US producer price index for final demand increased by 0.7% last month. The euro hovered near fresh lows hit on Thursday after the ECB meeting, making today’s…</p>
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