Risk sentiment improved at the start of the week, bolstering the Euro against the USD. The EUR/USD exchange rate climbed 0.3% to 1.1050, reflecting increased confidence among traders. This uptick can be attributed to easing geopolitical tensions and optimistic economic forecasts, providing support for the Eurozone economy.
Meanwhile, the USD faced pressure, with the DXY index slipping to 103.45. The decline in the dollar was influenced by mixed economic data and ongoing speculation regarding the Federal Reserve's interest rate trajectory. As traders assess these developments, key resistance levels for EUR/USD are eyed at 1.1075, while support stands firm at 1.1000, shaping strategies for the week ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 07:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.