The EUR/USD currency pair continued its downward trend during Friday's European session, trading around the 1.1730 mark. This decline follows a peak above 1.1800 seen in late December, highlighting a significant retreat attributed to disappointing manufacturing data. Such economic indicators often influence market sentiment, leading traders to reassess their positions in the face of weaker-than-expected performance.
As the exchange rate hovers near 1.1730, the implications for the euro against the USD become increasingly significant. Traders are likely to watch closely for further developments, particularly in the manufacturing sector, as they could dictate future movements in this major currency pair. The current bearish sentiment reflects an ongoing volatility in the forex market, driven by economic fundamentals.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 09:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.