EURUSD: There is not enough motivation to increase sharply

EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later today.

Anticipation builds for Germany's Consumer Price Index (CPI) and Retail Sales figures set for Thursday, soon to be followed by the U.S. Personal Consumption Expenditures (PCE) inflation data.

These pivotal updates are poised to significantly influence the trajectory of this currency pair. Thus, keeping a close watch on these developments is crucial, and rest assured, I'll be here to provide timely updates to help you stay well-informed and ahead of the curve!

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