The Euro (EUR) has started the week on a positive note, recovering against the US Dollar (USD) as the Greenback shows renewed weakness. Trading around 1.1676, the EUR/USD currency pair has gained approximately 0.36%, effectively ending a seven-day losing streak. This upward movement indicates a potential shift in sentiment among traders, as the exchange rate moves away from one-month lows.
However, resistance at the 1.1700 level could pose challenges for further recovery. Market participants will be closely monitoring this technical level to gauge whether bullish momentum can sustain itself. The recent fluctuations highlight the ongoing volatility in the Forex market, emphasizing the need for traders to stay alert to shifts in economic indicators and geopolitical developments that may influence currency valuations.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 16:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.