EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone

Tina Collins

05 Feb 2025 — 1 min read

EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone

EUR/USD Stuck in Range: The pair is moving between 1.0375-1.0380 without a clear direction.

USD Weakness Supports EUR: The US Dollar is struggling because markets expect the Federal Reserve to cut interest rates.

Trade Tariff Concerns Hurt Euro: Worries about Trump’s trade policies and the European Central Bank’s (ECB) cautious stance are limiting the Euro's gains.

Recent US Jobs Data: Reports show a slowdown in the US job market, increasing expectations of Fed rate cuts.

Risk-On Mood: Investors are willing to take risks, keeping the US Dollar weak and helping EUR/USD stay near its weekly high.

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