EUR/USD driven by US data as European releases lose market impact

EUR/USD price action has become increasingly dependent on US economic releases rather than Eurozone data, highlighting the dollar's dominant influence on the pair. Recent trading patterns show minimal reaction to European economic indicators, while US data continues to drive significant volatility. This shift reflects market perception that Federal Reserve policy decisions carry greater weight for global markets than ECB actions. The pair has struggled to break above the 1.0350 resistance level despite mixed European data, with traders focusing primarily on US employment figures and inflation metrics. Technical analysis shows EUR/USD trapped between 1.0280 support and 1.0380 resistance, with momentum indicators suggesting continued range-bound trading. The upcoming US Non-Farm Payrolls and CPI releases are expected to be the primary catalysts for any significant directional move in the pair.