The EUR/USD pair remains constrained below the critical 1.0600 resistance level, as traders digest a mix of economic data and market sentiment. Despite intermittent attempts to breach this barrier, the pair has faced persistent selling pressure, keeping gains limited. This key zone has acted as a psychological and technical hurdle, reflecting hesitation among investors amid shifting market dynamics.
Source – FXStreet
The broader market focus is now on upcoming macroeconomic reports, including inflation data and central bank commentary, which could shape the near-term trajectory. Without a decisive catalyst, EUR/USD is expected to trade within a narrow range, with downside risks increasing if the pair falls below support at 1.0500.
