EUR/USD retraced toward the 1.1700 level on Monday after reaching a recent high of 1.1768. The pullback came as European Central Bank (ECB) President Christine Lagarde reiterated the bank's commitment to a stable monetary policy while downplaying the potential effects of US tariff threats on the eurozone economy.
This shift in sentiment has influenced the exchange rate dynamics, as traders assess the implications of Lagarde's comments amidst ongoing geopolitical tensions. The current trading range indicates that market participants remain cautious, closely monitoring developments in both the euro and the US dollar as they navigate the evolving landscape of international trade.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-21 12:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.