The EUR/USD currency pair showed resilience on Thursday, recovering from earlier losses despite disappointing Eurozone Retail Sales data. Currently trading at 1.1670, the exchange rate is nearing a significant resistance level, with the five-week high of 1.1680 within reach. This upward movement indicates a persistent bullish sentiment among traders.
The dollar's weakening against the euro has provided support for this rally. As market participants digest the implications of the soft retail figures, focus shifts to broader economic indicators that may influence the EUR/USD exchange rate. The proximity to the key 1.1680 level suggests that traders are closely monitoring price action for potential breakout opportunities.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 10:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.