The forex market is relatively subdued as traders anticipate the release of EU inflation data, which could significantly impact the euro's performance. Currently, the EUR/USD pair is trading at 1.0825, with analysts eyeing the 1.0800 support level. A higher inflation reading may bolster the euro, while disappointing numbers could further weaken it against the dollar.
Meanwhile, the USD is exhibiting mixed performance against other major currencies. The GBP/USD exchange rate has edged slightly higher to 1.2390, supported by increasing confidence in the UK’s economic recovery. Traders are closely monitoring these developments as they could shift market sentiment and lead to volatility in the currency pairs leading into the European session.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-02 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.