EUR/USD drops further below 1.0850 as USD Index recovers firmly, Eurozone GDP eyed

European Session HOT STORY EUR/USD drops further below 1.0850 as USD Index recovers firmly, Eurozone GDP eyed   The EUR/USD pair has extended its downside move below 1.0850 after an intensive selling action by the market participants around 1.0860. The pullback move displayed by the shared currency pair met with significant offers as the US Dollar Index (DXY) has shown a stellar recovery after correcting to near 101.80. The street is expecting a 25 bps interest rate hike from the Fed and a 50 bps rate hike from the ECB MORE STORIES Gold traders appear non-committal ahead of Federal Reserve   Three reasons why Bitcoin price analysis hints at a pullback to this level     LIVE Naked Trading: The simple classic approach to support and resistance trading (With a twist) Expert:  Walter Peters Start:  TUE JAN 31, 10:00 GMT  TRADER'S RESOURCES Have a question about markets? TOP analysts will answer you. Forex, Stocks, Cryptos, Commodities! Join our VIP traders community and tap into the analysts to resolve any questions related to your trades, market moves, anything! Benefit from direct access to all insights and signals. And the best of all!: Meet like-minded people that speak the same trading language as you. Don't trade alone! BUY NOW FXSTREET ANYWHERE YOU ARE Check our economic calendar, Forex charts and news on your mobile Get new posts notifications and one-click-away economic calendar.   Manage your subscriptions  ·  Unsubscribe from FXStreet newsletters   FXStreet Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXStreet Newsletter comes from trusted sources, FXStreet is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2023 "FXStreet. The Forex Market" All Rights Reserved. FOREXSTREET, S.L. - Portaferrissa 7, 1r 2a Barcelona 08002 Catalonia - Spain. You are receiving this email because you have specifically consented to it by checking the corresponding box when registering on our website. In FXSTREET we do not like receiving spam, so if you want, you can cancel your subscription or send us an email to privacy@fxstreet.com This message has been sent to you by FOREXSTREET S.L., a company registered in Barcelona, ​​in Volume 33351, Folio 135, Sheet B230633, with Tax Identification Number B62498233.