EUR/USD continues its downward trend, marking its fourth consecutive day of losses. Currently trading at 1.1715, the currency pair is set to close the week slightly lower despite a robust rally of nearly 2% over the previous three weeks. The recent bearish sentiment comes as European Central Bank President Christine Lagarde's comments have dampened hopes for imminent rate hikes.
The exchange rate's decline reflects market reactions to Lagarde's cautious approach, which has shifted trader expectations regarding future monetary policy. As the USD remains strong, the bearish momentum in EUR/USD suggests a potential consolidation of gains made in the past weeks, highlighting the need for traders to monitor upcoming economic indicators closely.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.