On Tuesday, December 23, the forex market is poised for volatility as traders await the release of key US GDP data, which could significantly impact exchange rates. The USD is currently trading against the EUR at 1.1000, with analysts predicting a potential shift depending on the GDP figures. A stronger-than-expected report may strengthen the USD, while a disappointing outcome could see the EUR gain traction.
Market sentiment remains cautious ahead of the holidays, with many traders reluctant to make significant moves before the data is released. Current technical levels show support for the EUR/USD pair around 1.0950 and resistance at 1.1050. As participants monitor the economic indicators, the implications for future monetary policy and trading strategies could reshape the landscape in the final days of the trading year.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 07:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.