The Euro is pulling back against the US Dollar this Monday, however the scale of the movements are relatively small.
Markets are still waiting for tomorrow's data about inflation in the US, which should expose equities and the USD to periods of high volatility.
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EUR/USD - Daily time frame chart
At this moment, we can see that the buyers are back testing the relative highs, but again without success.
The pair EUR/USD is once again pulling back and is approaching the upside trendline.
EUR/USD, 1h time frame chart. Source: xStation 5
On the dollar index chart, through the daily interval, we can see that the price continues in sideaways close to the support zone marked by 104 pts.
Dollar Index, Daily time frame chart. Source: xStation 5
USD is leading the gains this session.
Heatmap. Source: xStation 5
Henrique Tomé, XTB Portugal
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