EUR/USD has retreated slightly from its session peak of 1.1730 but continues to hold firm above the 1.1700 mark, trading positively after a notable rally of over 1% over the past two days. The upward momentum was primarily driven by encouraging results from the ZEW Economic Sentiment Survey, indicating increased optimism in the Eurozone's economic outlook.
In contrast, a reversal in the US Dollar (USD) contributed to the currency pair's strength. As traders digest the latest economic data, the exchange rate reflects a growing confidence in the Euro (EUR), hinting at potential further gains if the positive sentiment persists. The market will likely keep a close eye on upcoming economic indicators to gauge the sustainability of this upward trend.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 11:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.