The EUR/USD pair trades near an intraday low of 1.0518 as risk-off flows underpin the US Dollar. On Saturday, the armed Palestinian group Hamas launc
EUR/USD Current Price: 1.0523 The United States and Canada celebrate a bank holiday on Monday. Tensions in the Middle East spur demand for the safe-haven US Dollar. EUR/USD gapped lower at the weekly opening, aims to pierce the 1.0500 mark. hed a surprise attack on Israel, and Israeli Prime Minister Benjamin Netanyahu declared his country was at war on Sunday.
The macroeconomic calendar will feature this week the Federal Open Market Committee Meeting Minutes on Wednesday and the US September Consumer Price Index on Thursday. EUR/USD short-term technical outlook The EUR/USD pair trades in the red, ending a three-day winning streak. The risk skews to the downside according to the daily chart, as the pair retreated sharply from a bearish 20 Simple Moving Average , which remains far below the longer ones.
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