EURUSD Climbs Towards Weekly High Ahead of CPI Release
The EUR/USD currency pair is regaining traction, moving closer to its weekly peak after a minor pullback. During the Asian session, prices nudged upward, though they remain beneath the pivotal 1.0600 level. If the pair successfully breaches this threshold, it could trigger an extended rally following a recent recovery from a two-year low. The upcoming Eurozone Consumer Price Index (CPI) data could play a crucial role in shaping the currency pair’s direction. Traders should keep a watch on market reactions as these figures are released, as they provide critical insights into inflation trends in the Eurozone.
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