The EUR/USD pair continues to struggle to recover after rebounding from the 1.1200 level reached earlier, showing a moderately negative bias, although the decline remains limited. The U.S. dollar is attracting buyers on pullbacks, creating headwinds for the EUR/USD pair. The U.S. Federal Appeals Court has suspended a separate ruling by the Trade Court, reinstating the broad trade tariffs imposed by U.S. President Donald Trump. This has added uncertainty to the markets, reviving demand for traditional safe-haven assets. However, confidence in the U.S. dollar's growth remains uncertain due to concerns about the country's deteriorating fiscal position and expectations that the Federal Reserve will cut interest rates in 2025. On the other hand, the euro is supported by Trump's decision to postpone tariffs against the European Union, helping to limit the pair's decline. For better trading opportunities in the EUR/USD pair, attention should be focused on the publication of Germany's Consumer Price Index and U.S. Personal Consumption Expenditures (PCE) data. The PCE data will play a key role in shaping expectations regarding the Federal Reserve's next moves on rate cuts, which will, in turn, impact dollar demand and influence EUR/USD dynamics. Looking ahead, the European Central Bank's monetary policy meeting scheduled for next Thursday is also expected to be in focus.

From a technical perspective, indicators on the daily chart remain in positive territory, resisting confirmation of a negative outlook.

On the hourly chart, oscillators are mixed; however, prices are attempting to hold below the 200-SMA. This indicates that the pair is reluctant to decline.