EUR/USD is currently trading at 1.1728, showing a modest increase on the daily chart as it hovers just below the three-week high of 1.1765 reached on Tuesday. Market participants are closely monitoring the currency pair ahead of former President Donald Trump's speech at the Davos forum, which could influence trading sentiment and exchange rate movements.
The anticipation surrounding Trump's address has led to a cautious trading environment for the euro against the dollar. Investors are weighing economic implications that could arise from the speech, creating a sense of uncertainty that keeps the EUR/USD within a narrow range. As traders await further developments, attention remains focused on potential volatility that could shape the direction of this key currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 12:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.