EUR/USD Struggles Below 1.1400 as Eurozone Inflation Data Looms

EUR/USD shows signs of decline after a notable gain of over 0.50% in the previous trading session. With current trading prices hovering around 1.1420 during the Asian hours on Tuesday, traders are keeping a close watch. The US Dollar (USD) is regaining strength due to a technical correction. This comes amidst mounting concerns about stagflation impacting the United States economy.

As investors await Eurozone inflation data, the currency pair reflects the ongoing volatility in the forex market. The inflation report could influence the ECB’s monetary policy, further impacting the EUR/USD dynamics.