The EUR/USD currency pair has faced downward pressure as it stalls below the key resistance level of 1.1650. On Monday, the Euro reversed earlier gains, succumbing to a stronger US Dollar. The Greenback's rebound from recent lows, driven by market anticipation of the Federal Reserve's upcoming decision, has contributed to this shift in the exchange rate.
As traders position themselves ahead of the Fed's announcement, the dynamics in the forex market remain volatile. The current exchange rate reflects a cautious sentiment, with the US Dollar gaining traction against the Euro. Market participants will be closely watching economic indicators and Fed commentary for further direction on the EUR/USD pair in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 16:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.