The EUR/USD currency pair edged higher to approximately 1.1655 during the early European session on Monday. This movement comes as the US Dollar shows signs of weakness against the Euro, largely driven by growing concerns regarding the independence of the US Federal Reserve. Market participants are closely monitoring this situation, which may impact future monetary policy decisions.
As traders anticipate the upcoming US Consumer Price Index (CPI) inflation report scheduled for Tuesday, the exchange rate remains under pressure from potential volatility. The 100-day Exponential Moving Average (EMA) poses a significant resistance level, challenging the sustainability of the recent gains for the Euro. With inflation data looming, market sentiment could shift rapidly, influencing trading strategies in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 04:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.