EUR\/USD edged lower on Monday, leaning on a fresh 2026 low that also marks the base of a week-long consolidation. The move was attributed to a firmer dollar alongside higher crude oil, leaving near-term risks tilted to the downside. Attention is on US consumer price data due on Wednesday, with markets positioning for a potential shift towards a Fed tightening cycle, even as expectations still point to no change at the 28 October policy meeting.<\/p>\n\n
Technical signals remain bearish on the daily timeframe, although an oversold RSI is acting as a constraint on follow-through. Any rebounds have been capped beneath the falling 10-day moving average, keeping sellers in control. Targets are seen at 1.1130, the 50% retracement of the 1.0177\/1.2082 advance, and 1.1100, which aligns with the 200-week moving average and a round-number level; a break would expose 1.10. Resistance levels are flagged at 1.1215, 1.1242, 1.1276 and 1.1320, while supports are listed at 1.1160, 1.1130, 1.1100 and 1.1065.<\/p>\n\n\n\n