EUR/USD opened the week on a subdued note, retreating to the 1.1600 area after a reversal from session highs above 1.1650 recorded on Friday. The cautious sentiment in the market is palpable as traders await key US economic data, which could influence the currency pair's trajectory.
The exchange rate is facing pressure amid mixed signals in the broader market, as investors weigh potential implications for monetary policy. With the USD showing strength against the EUR, traders remain vigilant, looking for clues in upcoming economic releases that may guide their trading strategies for the week ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-17 11:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.