EUR/USD remains range-bound near one-month lows after mixed US data

The Euro remains little changed against the Dollar after the release of the US Producer Price Index (PPI) and Retail Sales data. The market has shown muted reactions to the mixed results, with the Euro trading range-bound near one-month lows. Although no specific support or resistance levels have been noted, the current market reflects high uncertainty amidst divergent economic indicators from the US, leading traders to adopt a wait-and-see approach before forming new positions. Historically, the Euro is likely to continue this range-bound movement for the foreseeable future, indicating a cautious trading environment.