EUR/USD Correction Continues Amid Disappointing German Data
The EUR/USD pair continues its correction, trading at approximately 1.0320 as of Wednesday. Earlier in the week, the pair faced rejection above the 1.0400 mark. The correction came after the release of German factory orders data for November, which underperformed expectations. The disappointing data from Germany caused the pair to erase most of its initial weekly gains. Investors now watch closely for further developments that may influence the Euro’s direction.