The currency pair retreated from a two-month high as the US Dollar steadied following initial selling pressure at the start of the week.
EUR/USD slipped below 1.1600 on Monday after the US Dollar regained footing, reversing earlier gains. The pair traded near 1.1580 after peaking at 1.1614, its highest level since June.
The move followed a volatile start to the week, with the USD under pressure before stabilizing. Prior sessions had seen the Euro strengthen amid broader dollar weakness, driven by shifting expectations around Federal Reserve policy.
Market focus remains on upcoming economic data and central bank commentary, which could influence further currency movements.