Is it the end of Euro-Dollar's rally? After three days of gains, it is down by 0.2% today

EUR/USD drops from 1.0965 to 1.0943, losing 21 pips (0.2%) today.

United States Fed Chair Powell speech is next today at 13:30 UTC.

Data for United States Consumer Confidence published yesterday at 14:00 UTC came out at 109.7, beating projections of 104 and showing improvement over the preceding figure of 102.5.

While price action maintains a negative bias, Germany GfK Consumer Climate (Jul) came out at -25.4, while a consensus of analysts was expecting -23. United States New Home Sales (May) released yesterday at 14:00 UTC with a figure of 763,000, while the previous figure was 680,000.

In the meantime, negative performances are also seen in other pairs as NZD/USD is trading around 0.61 (down 66 pips).

Though the Euro has been dropping, other pairs have been performing better: GBP/NZD is up 0.93%. EUR/NZD is up 0.95%.

Furthermore, Germany Consumer Price Index figure is projected at 0.2%. It previously stood at -0.1%; data will be released tomorrow at 12:00 UTC. Spain HICP (YoY) (Jun) will be released tomorrow at 07:00 UTC. Spain Consumer Price Index figure is projected at 1.7%. It previously stood at 3.2%; data will be released tomorrow at 07:00 UTC.

As things stand, the Euro is 14.26% away from a significant low of 0.9596 first set 8 months ago.