EUR/USD remains tightly bound around the exchange rate of 1.1610, exhibiting notable support at the 1.1500 level and facing resistance from the 100-day moving average positioned at 1.1644. The recent release of the Eurozone’s November Consumer Price Index (CPI) data has reinforced the European Central Bank's (ECB) decision to maintain its current monetary policy stance.
Headline inflation in the Eurozone is reported at 2.2% year-on-year, while core CPI has remained stable at 2.4% year-on-year. These figures suggest a steady inflationary environment, diminishing the likelihood of an imminent rate hike by the ECB. As traders monitor these developments, the EUR/USD currency pair is expected to continue trading within its established range, reflecting the balance between economic indicators and central bank policies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 14:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.