EUR/USD Price Forecast: Edges higher to near 1.1450 but remains capped below 100-day SMA
• The EUR/USD currency pair rose to approximately 1.1445 during early European trading on Monday, driven by a hawkish stance from the European Central Bank (ECB). • Despite the upward movement, the pair remains capped below its 100-day Simple Moving Average (SMA), indicating a technical ceiling for the current rally. • Market focus is shifting toward critical economic data from Germany, France, Italy, and Spain, which collectively represent 75% of the Eurozone's economy.
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