EUR/USD remains on the defensive below mid-1.0700
Updated
Hello everyone! Presently, the EUR/USD pair is facing challenges in taking advantage of the previous night's significant upward movement that resulted in a four-day peak. Currently, spot prices are lingering below the mid-1.0700s mark and continue to remain close to a three-month low that was reached last week. Despite this, there is a slight negative inclination observed in trading.
Note
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At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increasing by 0.07%; to 104.64.Note
In the meantime, the Greenback reclaims some buying interest following Monday’s strong retracement and lifts the USD Index (DXY) back to the 104.80 area.
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