EUR/USD is currently trading in a narrow range around the 1.1650 level, demonstrating little movement as traders await key economic indicators. The currency pair has been hesitant near its monthly lows, reflecting cautious sentiment in the market.
Market participants are particularly focused on the upcoming US Retail Sales and Producer Price Index (PPI) data, which could significantly influence the exchange rate. Strong readings may bolster the USD further, while disappointing results could lead to a rebound in EUR strength against the dollar. As such, traders are closely monitoring these developments for potential trading opportunities.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 13:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.