The EUR/USD currency pair reached an overnight high of 1.1631 before retracing due to increased geopolitical tensions. As of now, the pair trades around 1.1520. Analysts suggest that this could indicate a pullback with the potential for some downward movement. Traders should stay alert as new developments from Europe may drive further fluctuations. Economic indicators will also play a role in determining the pair’s path forward. Understanding these influences will be essential for forex traders navigating market changes in the near future. Keeping a close watch on market sentiment will guide trading decisions effectively.