Anna 
The EUR/USD pair is grappling with resistance near the 100-day Simple Moving Average (SMA) and encountering selling interest around the 1.0800 level in Friday’s mid-European session. The pair has been engaged in a struggle to recover from a multi-month low established earlier in the week, and despite a three-day uptick, it has been unable to breach the key SMA.
Recent hawkish comments from various European Central Bank (ECB) officials and a relatively subdued performance of the US Dollar (USD) have been factors preventing a more significant decline. The USD is currently maintaining a consolidative pattern below its highest level since November 14, set on Monday. Traders are seeking additional clarity regarding the potential timing and pace of interest rate adjustments by the Federal Reserve (Fed) in 2024.
The focus in the coming week will be on the release of US consumer inflation figures, which could provide insights into the Fed’s future policy decisions. The outcome of this data release is likely to influence the sentiment surrounding the USD and, consequently, impact the EUR/USD pair.
