EUR/USD has pulled back from its recent highs, currently trading at 1.1710 after encountering resistance at the 1.1740 level. The retreat follows disappointing data from the Eurozone's services sector, which has dampened investor sentiment and affected the currency pair's momentum.
The weaker-than-expected services activity suggests potential challenges for the Eurozone economy, leading traders to reassess their positions in EUR. As a result, the exchange rate has slipped against the USD, reflecting broader market dynamics and concerns over economic growth in the region.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.