Euro Slips as Dollar Rises; Traders Eye US Inflation Data for Rate Cut Signals
• EUR/USD slipped 0.2% on Tuesday as investors bid the US Dollar (USD) higher • Eurozone unemployment rate ticked down slightly in November, but did little to support Euro (EUR) • Markets look ahead to US CPI inflation data on Thursday for signals on potential Fed rate cuts • EUR/USD remains trapped below 1.1000 level in congestion pattern amid downside pressures • EUR/USD technical outlook shows pair stuck in rut after declining nearly 2% from December peak