The US Dollar (USD) struggled to maintain its footing on Wednesday, despite the release of positive economic data ahead of the Thanksgiving Day holiday. Investors are increasingly pricing in another rate cut from the Federal Reserve in December, impacting the USD's appeal. Key currency pairs like EUR/USD are experiencing heightened volatility, with the exchange rate hovering around key support levels.
As attention shifts to eurozone data, market participants are keenly watching for any indicators that could influence the EUR's performance against the USD. The outlook remains cautious, with traders weighing the potential implications of a dovish Fed against the backdrop of a recovering eurozone. This dynamic could set the stage for further fluctuations in the forex market as the holiday trading week progresses.
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: 2025-11-26 20:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.