The Euro dips 0.13% against the USD as stalled US-Iran negotiations and technical resistance limit upside momentum.
The Euro declined 0.13% against the US Dollar in Monday’s session, pressured by delays in US-Iran negotiations and technical resistance at the 100-day Simple Moving Average near 1.1568.
EUR/USD showed a slight upward bias after reclaiming the 50-day SMA, with momentum supported by the Relative Strength Index. Resistance at the 100-day SMA remains a key hurdle, with a break above targeting 1.1600 and the 200-day SMA at 1.1629.
Downside risks persist if the pair falls below 1.1500, with support at the 50-day SMA (1.1469) and the 1.1400 level.