EUR/USD is experiencing moderate losses as it approaches midday in Europe, currently trading around 1.1590. The currency pair faced resistance earlier in the day, failing to maintain levels above 1.1600, which has contributed to its downward movement in the thin trading conditions typical of the Thanksgiving holiday.
The exchange rate's struggle to hold above the psychological level of 1.1600 suggests a cautious sentiment among traders. This environment, characterized by reduced market participation, may lead to heightened volatility as participants adjust positions. As the USD maintains its strength, the focus will remain on potential developments that could influence the EUR/USD dynamics in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 14:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.