EUR/USD Struggles Below Key Level Amid Eurozone Inflation Declines: What’s Next?
The EUR/USD currency pair is not making significant moves after losing ground in the previous session. Trading around the 1.1380 level during Wednesday’s Asian hours, it appears traders are waiting for direction. The Eurozone’s inflation rate has dipped below the European Central Bank’s (ECB) 2% target, adding headwinds for the euro. Currency traders are cautious, particularly with concerns rising about tariffs that may impact US economic growth. As we monitor the market, consider how these factors may play a role in future trading strategies for EUR/USD.