EUR/USD is experiencing a downturn, currently trading at 1.1710 after failing to break resistance at 1.1740. Market sentiment has shifted, prompting traders to reassess their positions ahead of key German HICP data, which could influence the euro's performance against the USD.
The exchange rate's recent volatility reflects growing caution among investors, with the euro struggling to maintain its strength. As the market anticipates the upcoming inflation figures, traders are closely monitoring the implications for the European Central Bank's monetary policy, potentially affecting future trading strategies for this major currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 12:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.