EUR/USD Holds Above 1.1260 as Traders Eye Canadian CPI & Fed Speeches
The EUR/USD pair is trading steady near 1.1260, showing resilience amid low-volume early Tuesday trading. The euro maintains strength as the U.S. dollar pauses ahead of a high-impact news day, including Canadian inflation data and key speeches from Fed officials Barkin and Musalem.
Support and Resistance
Support 1.11800 act as a support
Resistance 1.12800
💡 What’s Driving the Market?
- Euro Strength: Investors continue to price in a softer U.S. interest rate outlook, supporting euro demand.
- Dollar Caution: Traders await clues from Fed speeches on whether further rate pauses or cuts are likely.
- Technical View: EUR/USD stays bullish above 1.1235 support, eyeing next resistance at 1.1290.
📈 Outlook: A stronger-than-expected Canadian CPI may trigger volatility across USD pairs, while dovish or hawkish Fed signals could sway EUR/USD direction into mid-week.
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