The EUR/USD currency pair continues its upward momentum, reaching approximately 1.1635 during the Asian trading session on Wednesday. This rally is largely attributed to indications that the European Central Bank (ECB) may have concluded its cycle of interest rate cuts, lending support to the Euro against the US Dollar.
As the exchange rate approaches the technical level of 1.1650, traders are closely monitoring the implications of the ECB's stance. A stable or strengthening Euro could reshape market dynamics, influencing trading strategies and investor sentiment as the market reacts to the evolving monetary policy landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 05:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.