EUR/USD holds steady above 1.1750 as traders await FOMC Minutes

EUR/USD is holding steady around 1.1770 during the early Asian session. Traders are pricing in the possibility of further rate cuts by the US Federal Reserve (Fed) in 2026, following the 25-basis-point rate reduction at the December meeting. From an economic perspective, a decrease in US rates could strengthen the influence on the Eurozone, supporting a bullish outlook for EUR/USD. As long as the price maintains above the support level of 1.1750, traders are likely to continue expecting an upward trend. The upcoming FOMC minutes are anticipated to introduce increased volatility, leading to potentially active trading in EUR/USD. The current rate is around 1.1770, and traders must remain attentive to price movements and the Fed's stance. Overall market sentiment will be influenced by upcoming economic indicators and announcements from central banks.