The EUR/USD started Monday with a dip to 1.0519 before edging back. The Euro still remains down against the US Dollar for Monday, but losses are paring back. Market sentiment is rebalancing after getting knocked off-kilter by geopolitical escalations in the Gaza Strip. ket attack in the Gaza Strip that killed over 700 people and spurred the Israeli government to mobilize an additional 100,000 troops into the region.
1% over the annualized period into September. To close out the trading week will be the Michigan Consumer Sentiment Index for October, which is seen declining, albeit slightly, from 68.1 to 67.4. EUR/USD Technical Outlook The Euro is seeing some twisting intraday action with hourly candles cycling the 50-hour Simple Moving Average that is rising into 1.0550, and the EUR/USD is currently testing 1.0565, down a scant 0.08% from the day's highs set early in the day at the market open.