The Euro (EUR) is holding steady against the US Dollar (USD) on Tuesday, with the EUR/USD currency pair trading at approximately 1.1607. This comes after a brief spike to over two-week highs on Monday, marking the end of a six-day winning streak. The exchange rate is currently facing pressure from a resilient Greenback in a relatively calm trading environment.
Market analysts suggest that the technical structure still favors bullish sentiment for the Euro, particularly following the recent wedge breakout. Despite the pause in upward momentum, traders remain cautious yet optimistic about potential gains in the near term, as the overall market dynamics continue to influence the EUR/USD exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 19:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.