EUR/USD Price Forecast: Bullish bias remains while above 1.1700, 100-SMA on H4

  • The EUR/USD pair kicks off the new week on a positive note and climbs to the 1.1770 area during the Asian session in reaction to the optimism over a trade deal between the US and the European Union (EU). Spot prices, however, struggle to capitalize on the strength as traders opt to move to the sidelines ahead of the crucial two-day FOMC meeting starting Tuesday and key US macro releases this week.