EUR/USD Flat Near Multi-Year Highs Around 1.17

EUR/USD Flat Near Multi-Year Highs Around 1.17

Euro Holds Ground in Early US Session

The Euro (EUR) opened the North American session on Monday flat against the US Dollar (USD), trading narrowly in the mid-1.17s, a touch below last Friday’s multi-year high.

Investors Await Fresh Directional Cues

Lacking any major economic data or news catalysts during the European morning, EUR/USD remains directionless as traders assess the next potential market driver. This pause in momentum comes after a strong rally last week driven by USD weakness and interest rate expectations.

Focus Shifts to US Jobs Data and ECB Guidance

Market participants are now turning attention to upcoming US Nonfarm Payrolls data later this week and any potential updates from European Central Bank (ECB) officials regarding monetary policy. These could define whether EUR/USD has the strength to break higher or correct lower.

Internal Linking Suggestions:

• EUR/USD Technical Analysis
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• ECB Policy Tracker
• Weekly Forex Market Preview