EUR/USD is pressured in the opening session as the US dollar remains firm, with eye son US CPI.A risk-off environment could be a weight for the euro at the start of the week. EUR/USD is under pressure in the opening session this week, with China returning from holiday’s and digesting another bumpy ride on Wall Street on Friday due to upbeat economic data in the form of Nonfarm Payrolls surprises. The US dollar, as measured by the DXY index, is trading at 95.555 and near flat on the day but the euro is heavy and losing some 0.1% at the time of writing.
Meanwhile, EUR/USD is attempting to first in the lastest hour which leaves the neckline of the H1 M-formation vulnerable to a test. The bears will not be far behind, however, and eyes are on a break below 1.1410 for a run to 1.1330 for the sessions ahead.
EUR/USD remains pressured below 1.1450 amid US dollar rebound.EUR/USD is under pressure below 1.1450 starting out a fresh week, with China returning from holidays and the ECB leaning hawkish. Nonfarm Payrolls surprises keep the buoyant tone intact around the US dollar amid a tepid mood. Eurozone Sentix awaited.