EUR/USD Price Forecast: Is 1.1200 the Breaking Point?
The EUR/USD pair is showing signs of a slight increase at the start of this week, amid a softened U.S. Dollar. However, the pair struggles to maintain bullish momentum, staying below the critical level of 1.1200 through the Asian trading session. Traders should be vigilant as this level remains pivotal. The market’s direction could shift rapidly, influenced by a range of economic indicators and Fed communications. Staying updated will be essential for making well-informed trading decisions in this moving landscape.