The EUR/USD currency pair is trading flat around the 1.1600 level during the early European session on Monday, reflecting a phase of consolidation in the market. Traders are closely monitoring this exchange rate as they await the release of the Eurozone's preliminary Harmonized Index of Consumer Prices (HICP) data for November, scheduled for Tuesday. This key economic indicator is expected to influence market sentiment and trading strategies.
As investors position themselves ahead of the HICP data, the 1.1600 level serves as a critical make-or-break point for the pair. A breakout above this threshold could signal a bullish trend, while a decline could prompt further selling pressure. The interplay between the EUR and USD will be crucial, particularly in light of ongoing economic developments in the Eurozone and the U.S., which could impact future exchange rate movements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.