The Euro (EUR) is soft, entering the Monday session with a marginal decline against the US dollar (USD) and underperforming most of the G10 currencies in silent trade, the chief strategic strategic FX Shaun Osborne.
ECB comments are constantly leaning
“The initial release of the Euro area of the CPI is the highlight this week and is set to release on Friday. The ECB speech calendar is also a bit heavy and the comments from the governing council Knot and Villeroy are leaning against Dovish, which flashes disinflationary forces.”
“The trend of the bull in EUR/USD is intact despite this latest integration is generally tied between 1.13 and 1.15. The momentum has softened somewhat, but the RSI remains well above 50 threshold at 62.”
