EURUSD gives back the rebound from earlier this month, with the Euro at risk of exhibiting a more bearish behavior as the ECB is expected to deliver a rate cut.
EURUSD holds the monthly opening range ahead of the ECB meeting, but fresh updates from the Governing Council are likely to alter the near-term outlook for the Euro.
The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.
EURCHF trades to a fresh yearly-low ahead of the ECB meeting, with recent price action warning of a further decline as the bearish momentum appears to be gathering pace.
A busy week of global data, events and central bank speak will end with the monthly US non-farm payroll releases. And some UK asset charts are nearing important technical levels.
EUR/USD continues to retrace the sharp selloff following the European Central Bank (ECB) meeting as U.S. data prints point to a slowing a economy.
The Euro is coming under selling pressure in early trade, touching a one-week low against the US dollar, and is likely to stay low as