EUR/USD experienced a brief rally but appears to have stalled as traders await crucial economic data from the United States. Currently, the currency pair is holding steady at 1.1575, just below the psychological resistance level of 1.1600. This price action reflects a cautious sentiment in the market as investors look for further cues to guide their trading decisions.
The exchange rate has been influenced by a mix of factors, including the recent strength of the EUR against the USD. However, the stall below 1.1600 suggests that market participants are being careful ahead of upcoming US data releases. These reports could significantly impact the direction of the currency pair, making the next few trading sessions critical for both the EUR and USD.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.