EUR/USD reversed the losses of earlier European session from 1.1400 area and moved back to 2-week tops.
The pair witnessed some profit taking on Monday after closing the previous week with 140 pips gains from 6-week lows amid dovish ECB and risk-off sentiment.
However, Fed's dovish expectations are pushing the US Dollar on back foot and keeping the Euro and other riskier assets in demand. Further fresh impetus will be provided by ECB President Draghi's testimony.
Technical Levels to Watch
Immediate resistance for the pair is at 100-day moving average near 1.1450 followed by 1.1500 psychological mark. On the flip side, immediate support for the pair is at 1.1390 ahead of 1.1360.
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