The euro gained momentum on Tuesday, with the EUR/USD currency pair climbing over 0.51% to trade at 1.1579, nearing the critical 1.1600 level. This upward movement was fueled by a softer US economic data release, which intensified market speculation that the Federal Reserve may consider cutting interest rates at its December meeting.
As traders reacted to the weaker figures from the US, the dollar weakened, leading to increased buying of the euro. The shift in sentiment reflects growing expectations for a dovish stance from the Fed, impacting the exchange rate dynamics between the two currencies and suggesting further volatility ahead in the forex market.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-25 21:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.