EUR/USD Trades Rivals Support as Key US Data Looms: Will the Euro Maintain its Grip?
EUR/USD remains resilient, holding firm above the key 1.0800 support level as markets await crucial US economic data this week. Investors are eyeing core PCE inflation, jobless claims, and GDP figures closely, looking for clues on the Federal Reserve’s next moves. The currency pair’s near-term direction will hinge on these outcomes amid cautious risk sentiment and differing monetary policy paths between the Fed and ECB. Stay tuned for potential volatility shifts in the world’s most-traded forex pair. #EURUSD #Forex #USD #Euro