EUR/USD retreats from intraday high to 1.0900 but stays defensive as bulls seek fresh clues to extend the four-week uptrend during early Monday. In doing so, the Euro pair portrays the Easter Monday holiday mood, as well as anxiety ahead of this week’s top-tier data/events.
Also read: EUR/USD stays defensive around 1.0900 despite hawkish ECB, US inflation, Fed Minutes eyed
It’s worth noting that the options markets remain bullish on the major currency pair despite the latest inaction.
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