EUR/USD Outlook: Key Data and Fed Comments to Drive Euro-Dollar Pair

The Euro (EUR) is expected to be influenced by heavyweight economic data releases, including Euro Area and US inflation reports, as well as Euro Area growth and German sentiment. Additionally, there will be 18 Federal Reserve speeches throughout the week, which could provide further insight into monetary policy. EUR/USD is currently trading within a range of support and resistance levels, with the 20- and 5-day simple moving averages acting as support and the 200-day simple moving average acting as resistance. Traders should monitor these key levels and be aware of potential market-moving events.