Breaking down the US and Chinese markets’ recoveries
Plus bright spots in US consumer sentiment

EUR/USD continues to struggle below 1.16 as bearish momentum builds, with traders eyeing key support at 1.1470 and awaiting economic signals from both sides of the Atlantic.
EUR/USD lost about 1% in the previous week but managed to stabilize above 1.1500 in the European morning on Monday. The pair’s near-term technical outlook shows that the bearish bias remains intact but struggles to gather momentum.
AUD/USD trades near key support at 0.6500, with technicals pointing to a potential breakdown toward 0.6400 as bearish momentum builds.