The EUR/USD currency pair is experiencing a downward trend, trading around 1.1560 after reversing from earlier highs above 1.1600 on Friday. This movement follows a mix of Eurozone economic data that has left traders cautious as they await the preliminary German inflation report, a key indicator of the region's economic health.
As the market digests the varied figures, the exchange rate reflects the uncertainty surrounding potential inflationary pressures in Germany. With the USD holding its ground amid this volatility, traders are closely monitoring the upcoming inflation data, which could significantly influence future trading strategies and the overall direction of the EUR/USD pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 12:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.