EUR/USD: Scotiabank Highlights 1.1450 Resistance Amidst Softening Inflation Data

EUR/USD faces strong resistance at 1.1450, as highlighted by Scotiabank. Softer regional inflation data in the Eurozone point to downside risks for national CPI, potentially reinforcing a cautious ECB stance. This monetary policy divergence with the US Federal Reserve, coupled with technical barriers, suggests continued downside pressure on the Euro against the US Dollar. Traders should monitor central bank rhetoric and economic data for further direction.