EURUSD Drops as Traders Eye U.S. Consumer Confidence DataEuro/US DollarSAXO:EURUSDProfessorSingaporeEURUSD Drops as Traders Eye U.S. Consumer Confidence Data EURUSD slipped 0.69% to 1.1634, after touching a four-week high of 1.1742 on Friday. Why the euro had support: German business climate hit a 15-month high, signaling economic strength and boosting sentiment for eurozone growth. Improved outlook reduces expectations for ECB rate cuts, making the euro more attractive. Today’s focus: U.S. CB Consumer Confidence report. Strong data → delays Fed cuts → EUR/USD could dip below 1.1600. Weak data → dollar softens → EUR/USD may climb above 1.1700.