The EUR/USD currency pair showed limited upward momentum on Monday, briefly rising above the 1.1400 level before retreating amid ongoing geopolitical uncertainty, according to FX Street.
United Overseas Bank’s Quek Ser Leang noted that the pair spiked to 1.1434 during intraday trading but quickly pulled back, with subdued momentum expected to keep the pair trading between 1.1360 and 1.1410. Despite the brief rally, the Euro remains vulnerable, with the 13-month low near 1.1320 still within reach.
For Japanese investors, the EUR/USD’s cautious movement highlights the impact of global tensions on currency markets, reinforcing the need for careful risk management amid fluctuating FX conditions.