The rebound in EUR/USD appears to be stalling ahead of the former support zone around the July low (0.9952) as it struggles to extend the series of higher highs and lows from last week.
Fresh developments coming out the US may keep EUR/USD under pressure as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace.
EUR/USD may stage a larger recovery over the coming days as the Relative strength Index (RSI) bounces back from oversold territory to indicate a textbook buy signal.
EUR/USD Rate Defends 2021 Low Ahead of Euro Area Inflation Report forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.