EUR/USD is maintaining its upward momentum, trading at 1.1722 on Wednesday, comfortably above the 1.1700 mark. This stability follows a strong rally over the past two days, during which the currency pair gained 1.2%. Market participants are closely watching for any potential shifts in sentiment ahead of former President Trump's highly anticipated speech at Davos.
The exchange rate's current position reflects a consolidation phase, suggesting that traders are evaluating their next moves. The focus on Trump's address may influence market dynamics, as any remarks on economic policy or global trade could impact the USD's strength against the EUR. As a result, the forex market remains on edge, anticipating possible volatility in the coming hours.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 10:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.