EUR/USD has retreated slightly from its recent highs, trading at 1.1655 on Thursday. This pullback comes after an impressive eight-day rally that saw the currency pair gain significant ground. Market participants are now eyeing the upcoming Eurozone Retail Sales data, which could influence the exchange rate and further shape the euro's trajectory against the USD.
Despite the current dip, the pair remains above the levels seen in the last six weeks, reflecting ongoing strength in the euro. Investors are navigating a landscape marked by economic indicators and central bank policies, with the potential for volatility as fresh data is released. The market's response to the Eurozone Retail Sales figures will be critical in determining whether the recent bullish momentum can be sustained or if the USD will regain some lost ground.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 09:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.