The EUR/USD currency pair has slipped below the 1.1750 mark, now trading around 1.1735, as it pulls back from a 10-week high during the early European session on Friday. This decline is largely attributed to a modest rebound in the US Dollar (USD), which has shifted market sentiment and pressured the exchange rate.
Despite this retreat, analysts suggest that the potential for further downside in the EUR/USD may be limited. The looming expectations of rate cuts from the US Federal Reserve (Fed) next year could provide a stabilizing effect on the currency pair, suggesting that traders should remain cautious amid the current fluctuations in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 05:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.