The EUR/USD currency pair is trading slightly lower, hovering around 1.1690 during early European hours on Thursday. Despite the recent dovish rate cut from the US Federal Reserve, which generally weakens the US Dollar, the Euro has struggled to gain significant ground against its American counterpart.
Market participants are now closely monitoring US Jobless Claims data, which could further influence the exchange rate. The Fed's decision to lower interest rates may create a more favorable environment for the Euro, yet the current resistance below the 1.1700 level suggests that traders are cautious about committing to long positions at this stage.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 04:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.