EURUSD: Stable waiting for new news

Today, as the trading session began, EURUSD did not witness significant changes, gradually ascending to trade below the 1.0850 mark during the Asian session on Monday. The US Dollar is regaining its footing in the Asian markets with mixed sentiments, leading to a cautious atmosphere. Investors remain anxious about a pivotal week ahead, especially focusing on the ECB's interest rate decision and Powell's testimony.

The pair is expected to continue moving sideways below the resistance level of 1.0856 until impactful news that could significantly alter the trend is released. The 1.080 level continues to act as a strong support for EURUSD during this period.

Wishing everyone a successful and enjoyable trading week!

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