EUR/USD drifts down with ECB on pause and US inflation cools

EUR/USD has experienced a decline following recent economic data releases. The US inflation print was milder than expected, and the European Central Bank (ECB) decided to maintain interest rates at their last meeting of the year. This cautious approach by the ECB has resulted in a weakening of the Euro against the Dollar. The decrease in US inflation may alter market expectations regarding the Federal Reserve's future policy, yet for now, it seems to have limited impact on the EUR/USD movement. Traders are likely to adjust their positions while closely monitoring US economic indicators. Overall, EUR/USD remains in a downward trend, with potential for further corrections in the near term.