The EUR/USD pair attracts some sellers on the first day of a new week and for now, seems to have snapped a three-day winning streak to over a one-month peak, around the 1.0910 area touched on Friday.
EUR/USD pulls back from over a one-month peak amid a modest USD uptick on Monday. Dovish Fed expectations cap the USD and help limit losses ahead of the ECB on Thursday. The technical setup favors bullish traders and supports prospects for some near-term gains. Spot prices currently trade below the 1.0900 mark amid a modest US Dollar uptick, though any meaningful corrective decline seems elusive. From a technical perspective, the recent breakout through the 1.
1000 psychological mark for the first time since January heading into the European Central Bank meeting on Thursday. On the flip side, any meaningful dip is likely to attract fresh buyers near the descending trend-line resistance breakpoint, near the 1.0870-1.0865 area. This should help limit the downside for the EUR/USD pair near the 1.0800 confluence support. The latter is followed by support near the 1.0755-1.0750 horizontal zone, which if broken could drag spot prices below the 1.
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