The EUR/USD pair edged closer to the 1.0600 mark amid sustained dollar strength, reflecting investor caution over the Federal Reserve’s hawkish stance. Persistent U.S. economic resilience and higher Treasury yields have bolstered the dollar, while the euro faces headwinds from weaker growth data in the Eurozone.
Source – FXStreet
Traders are closely watching this critical level, as a decisive move below 1.0600 could signal further downside momentum. Market sentiment remains cautious ahead of upcoming U.S. economic releases, with inflation data expected to influence Fed policy expectations. Meanwhile, the euro struggles to find support, weighed down by subdued sentiment in the region.
