EUR/USD is holding steady near 1.1050 as a weaker U.S. dollar, influenced by USD/JPY, supports the pair. However, gains might be limited due to dovish ECB expectations. Traders are watching the U.S. CPI data closely, as it could determine the next move.
Technically, a break above the trendline resistance is needed for further recovery, while a failure could offer Bears a chance if buying momentum fades.
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