Euro Stalls Against Dollar as Traders Await Key Catalysts

The euro is experiencing limited movement against the dollar at the beginning of the week, with traders awaiting new catalysts, according to Dorothea Huttanus, an analyst at DZ Bank Research. The eurozone's data calendar for Monday is relatively quiet, although German producer prices dropped by 6.0% year-on-year in July, surpassing the 4.8% decline predicted in The Wall Street Journal's analyst poll. As the week progresses, flash estimate purchasing manager surveys and Germany's Ifo business climate index may introduce volatility to the euro. All of this precedes the Federal Reserve's annual Jackson Hole symposium scheduled for August 24-26. Currently, EUR/USD is trading unchanged at 1.0877.

EURUSD BUY 1.0860 - 1.0880 🔼🔼

✔️TP: 1.0900

🚫 SL: 1.0830