EUR/USD appears to have met some contention in the 1.1180/65 band at the end of last week, extending the leg lower following the rejection from monthly tops beyond 1.14 the figure recorded on June 10.
The immediate driver fo the pair’s price action comes from the risk appetite complex and its impact on the greenback, where the progress of the return to the economic normality (sort of) in the Old Continent and the potential resurgence of a second wave of the coronavirus outbreak remains in the center of the debate.