EUR/USD is experiencing a downturn as it trades around 1.1720 during the European session. This marks a notable decline from the highs above 1.1800 recorded in late December. The recent losses indicate a bearish sentiment as traders await the upcoming US Manufacturing PMI data, which is expected to impact the exchange rate.
The currency pair's movement reflects broader market dynamics, with the USD gaining strength ahead of significant economic releases. As investors position themselves for potential volatility, the outcome of the PMI data could serve as a catalyst for further fluctuation in the EUR/USD exchange rate. Market participants are closely monitoring these developments, which may influence trading strategies moving forward.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 13:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.