EUR/USD is experiencing a rebound, trading just below the 1.1530 mark after a notable decline last week. The pair found support at 1.1490 on Friday, benefiting from a moderate risk appetite amidst a generally calm market environment. This movement suggests that traders are reevaluating their positions following recent volatility.
Despite uninspiring business sentiment data, the exchange rate for this currency pair reflects a cautious optimism. As the week begins, the stabilizing of EUR/USD indicates potential for further gains, depending on upcoming economic indicators and shifts in market sentiment. Investors are closely watching these developments to gauge future trading opportunities in the euro and the US dollar.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 09:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.