EUR/USD (current price: 1.1285)
The Euro rebounded against its most important counterpart on Monday, as investors removed their bets on a rate by the FED on Wednesday. The most traded forex pair got back to the 1.13 level yesterday, as it drifted higher in volatile trading. No economic releases came out on Monday, as Brexit-speculation and technical trading continued to drive the pair. The FED, the BOJ, and the BOE all hold their monetary meetings during the next three days,
Our assessment: The technical picture for EUR/USD is still neutral, but the short-term trend remains bearish, with the 200-day MA providing support near 1.11.
