EURUSD

Key Indicators

• The pair is currently holding above the 1.1320/00 zone, which is a crucial medium-term support level.

• On the 4-hour chart, euro is still rebuilding from oversold conditions, and the short-term momentum is curling up.

Fundamental Context

EURUSD experienced considerable selling pressure last week. Heightened expectations of potential Fed rate hikes and a more hawkish stance from Federal Reserve policymakers have increased pressure on the euro. Investors are now focused on updates on US-Iran negotiations and upcoming US economic releases.