EUR/USD continues to gain momentum, trading around 1.1730 during the Asian session on Wednesday, marking its third consecutive day of appreciation. The currency pair is benefiting from a weakening US Dollar (USD), which is under pressure due to growing concerns between the United States and Greenland.
The surge in Germany's ZEW index has further bolstered the Euro (EUR) against the USD, highlighting positive economic sentiment in the Eurozone. As traders keep a close eye on geopolitical developments, the exchange rate's current strength suggests a potential for further gains if the USD continues its downward trend.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 04:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.