The EUR/USD pair faces persistent resistance near the 1.0600 level, with upside momentum losing steam amid a cautious market environment. Recent data indicates limited support for the euro, as market participants weigh hawkish U.S. Federal Reserve commentary against the backdrop of subdued Eurozone economic activity. This dynamic continues to restrict bullish attempts, keeping the pair within a tight trading range.
Source – FXStreet
The dollar’s resilience, buoyed by robust U.S. labor market signals, further pressures the euro. Traders remain on edge as upcoming central bank decisions and economic data releases could shift sentiment. For now, EUR/USD appears unlikely to break decisively above 1.0600, reinforcing expectations of consolidation in the near term.
