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EUR/USD in red below 1.3540

FXstreet.com (Edinburgh) – The single currency is now extending its intraday decline, with the EUR/USD hovering over 1.3540/35, down from overnight highs near 1.3560.

EUR/USD range bound

A second-tier docket in the euro area would leave the pair to the mercy of the risk trends at the beginning of the week, as Business Climate in France (97 exp.) and Italian Trade Balance figures are only due today, ahead of a speech by ECB’s Noyer. There will not be much action across the pond either, with only Pending Home Sales and the regional manufacturing gauge by the Dallas Fed index. “Technically, the …read more