The Euro (EUR) has taken a hit, mainly due to softer-than-expected French Consumer Price Index (CPI) figures. Additionally, positive developments in EU-US trade discussions and widespread covering of short positions in the US Dollar add to the downward pressure. Currently, the EUR/USD pair trades at 1.1321, highlighting the challenges the Euro faces in maintaining its strength in a fluctuating market. Analysts from OCBC note these patterns as critical for traders, advising them to stay alert for potential shifts in direction based on market responses to economic reports and ongoing trade negotiations.