EUR/USD Weekly Forecast: King US Dollar set to recover its crown

The EUR/USD pair closed in the red for a third consecutive week, ending March just above 1.0767, the monthly low.

The United States PCE Price Index met expectations in February, stayed above the Fed’s goal. European inflation and US employment-related figures will keep investors busy next week. EUR/USD loses the battle around 1.0800, bears could push it towards 1.0600 next week. The US Dollar started the week with a soft tone but started grinding higher on Tuesday, finally gathering momentum late on Thursday amid hawkish comments from Federal Reserve officials.

8% on a yearly basis, matching analysts' estimate, while the monthly figure posted 0.3% as anticipated. However, January figures suffered upward revisions to 2.9% and 0.5%, respectively. The USD shed some ground with the news, despite Fed Chairman Jerome Powell already dismissed the uptick in price pressures at the beginning of the year. April will start with a busy calendar.

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