EUR/USD Awaits Major Economic Events: Potential Downside .....

EUR/USD has been trading within familiar midranges around 1.0700, reflecting market indecision. Key German economic indicators missed expectations last Friday, while US PCE inflation data met forecasts but failed to ignite significant market movement. The chart indicates potential downside risk, with a key support zone at 1.0600. Traders should watch upcoming European inflation numbers and US Nonfarm Payrolls data for potential catalysts. The current technical setup suggests a possible short position if the price fails to break above 1.0800 and heads towards 1.0600 support.
German and US economic data releases next week could provide significant volatility.
Focus on ECB Forum and US Nonfarm Payrolls for potential market direction cues.