EUR/USD holds gains as 'Sell America' trade persists before Trump speech

EUR/USD maintains its bullish momentum as the 'Sell America' trade theme continues ahead of President Trump's anticipated Davos speech. The pair has been benefiting from broad dollar weakness, with traders positioning for potential policy announcements that could impact US trade relations and fiscal policy. Market sentiment remains cautiously optimistic for the euro, as investors await clarity on the administration's economic agenda. The US Dollar Index has retreated from recent highs, providing additional support for the EUR/USD pair. Technical indicators suggest further upside potential if the pair breaks above key resistance levels, while traders monitor support around the 1.0750 area. The upcoming Davos speech could serve as a catalyst for increased volatility, with particular focus on any comments regarding trade tariffs, fiscal spending, or dollar policy that might influence the pair's direction in the near term.