EUR/USD has shown impressive resilience, retracing previous losses and currently trading at approximately 1.1720. This marks the highest level for the currency pair in nearly two months, reflecting a notable rally of nearly 0.8% over the past two days. Market participants are closely watching this movement as it signals renewed strength in the euro against the dollar.
The upcoming release of US Jobless Claims data could further influence the exchange rate as traders assess the implications for the USD. A stronger dollar could challenge the recent gains of EUR/USD, while disappointing job figures might bolster the euro’s position. As the market reacts to economic indicators, fluctuations in this currency pair will likely persist, keeping traders vigilant.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 13:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.