EUR/USD continues its upward trajectory for the second consecutive session, trading around 1.1780 during the Asian trading hours on Tuesday. The currency pair is approaching the significant psychological barrier of 1.1800, reflecting a strong bullish sentiment among traders. Technical analysis shows the pair is firmly situated within an ascending channel, indicating potential for further gains.
The ongoing strength of the euro against the dollar can be attributed to a combination of favorable economic indicators from the Eurozone and a cautious stance from the USD as traders await key economic data. As EUR/USD hovers near two-month highs, market participants are closely monitoring developments that could impact the exchange rate, particularly any changes in monetary policy or economic forecasts from both the European Central Bank and the Federal Reserve.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 04:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.