The EUR/USD pair declined by another 20–30 basis points on Thursday, while price movement remains subdued.

Bullish traders have paused, as they are uncertain about peace in the Middle East.

Bullish traders received a strong impulse, but it has already been worked off.

Current headlines from the US stock market

USD/JPY: Tips for Beginner Traders on April 23rd (U.S. Session)

GBP/USD: Tips for Beginner Traders on April 23rd (U.S. Session)

EUR/USD: Tips for Beginner Traders on April 23rd (U.S. Session)

Level and Target Adjustments for the U.S. Session – April 23rd

Conflicting inflation data in the United Kingdom pressured the pound, despite many components of the report printing in the green.

Concerns about inflation are reinforcing expectations of less dovish Federal Reserve policy and putting additional pressure on the non-yielding precious metal. Fundamental factors favor bearish traders and confirm the likelihood of deeper losses.