EUR/USD is under pressure as it trades lower for the third consecutive day, having been rejected at the 1.1750 resistance level. Currently, the currency pair is exchanging hands at 1.1725, remaining within this week's range while holding above the critical 1.1700 mark. Market participants are closely monitoring the ongoing developments ahead of the European Central Bank's (ECB) impending monetary policy decision.
The recent downward movement in the EUR/USD exchange rate reflects cautious sentiment among traders as they await the ECB's stance. With the dollar gaining traction, the implications of the ECB's policy shifts could further influence the currency pair's trajectory in the coming sessions. Investors are bracing for potential volatility as the market digests the central bank's insights on inflation and economic recovery.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.