Currently, movements in the EUR/USD currency pair are primarily influenced by developments in the United States rather than anything Eurozone-related. However, the positive momentum is still strong, and the upward trend is still the most prominent in the short term.

Continued weakness in the US dollar has provided clear support for the euro, extending last week’s gains and pushing the pair towards the 1.1900 area. On the other hand, traders were generally cautious as the market awaited the outcome of Wednesday’s upcoming Federal Reserve meeting.

Unless the Fed sends a clearer signal of its willingness to ease monetary policy, or the Eurozone demonstrates a more convincing economic growth cycle, the pair is likely to continue to rise at a calm and gradual pace without a sharp rise.

For my part, I remain optimistic about the performance of EUR/USD.
And what do you think of the next trend?

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