EUR/USD Finds Temporary Support Amid Anticipation of Key Economic Data

The EUR/USD pair has found temporary support near 1.1215 after a four-day losing streak, in which it hit a fresh yearly low.

Investors are keenly awaiting the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and the US Nonfarm Payrolls (NFP) data for September.

Fed's Dallas Fed Bank President Lorie Logan sees further monetary tightening by at least 50 bps, stating that the central bank will need to raise short-term borrowing costs to turn monetary policy 'modestly restrictive' and get inflation back on track.