The EUR/USD pair edged higher, driven by a softer U.S. dollar as traders anticipate the Federal Reserve maintaining its current interest rate stance. Optimism surrounding potential Eurozone economic stability also supported the euro, though gains remain modest as broader market sentiment shows signs of caution.
Despite the upward movement, the rally faces resistance amid lingering concerns over slowing growth in the Eurozone. Investors remain wary of upcoming U.S. economic data, particularly labor market reports, which could shift expectations for monetary policy. The pair’s performance suggests limited enthusiasm for significant risk-taking in the near term.
