EUR/USD continues to struggle near four-week lows, currently trading at 1.1690. This downtrend reflects ongoing investor caution as market participants brace for significant macroeconomic data from the United States later this week. The weakness in the euro against the dollar suggests a lack of bullish momentum amid a broader focus on key economic indicators, particularly in light of geopolitical developments such as US interventions in Venezuela.
As traders position themselves for potential volatility, the upcoming releases could influence the exchange rate significantly. A stronger-than-expected manufacturing report could further bolster the USD, potentially pushing EUR/USD even lower. Conversely, any disappointing data might prompt a corrective rally in the euro, highlighting the delicate balance in this currency pair as it navigates through both economic and geopolitical uncertainties.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 11:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.