The EUR/USD pair is finding it challenging to extend gains, currently trading at mid-1.1300s after slight dips. The recent bounce from the 1.1200 area was promising but is now losing steam. Market participants are focused on the upcoming US Personal Consumption Expenditures (PCE) Price Index report for fresh direction. Economic indicators will likely play a crucial role in determining whether the pair can rebound or if further declines are on the horizon. Staying updated on developments is key for traders looking to strategize effectively amidst this volatility.