technical

EUR/USD trades in a tight range near 1.1610 ahead of US CPI, with bulls eyeing 1.1700+ and bears watching 1.1500 as key breakout triggers.

The GBP/USD is consolidating around its 50-day EMA ahead of Tuesday’s CPI, with 1.3250 as key support and 1.3550–1.36 as major resistance.

The DAX remains in consolidation mode, holding above key support levels, with a break over 24,500 potentially opening the door to 25,000.

The USD/MXN is stabilizing near 18.50 ahead of CPI, with rallies toward 18.87 seen as shorting opportunities targeting 17.75.

The Euro (EUR) lost further momentum in quite a negative start to the new trading week, motivating EUR/USD to deflate below the 1.1600 support, hitting three-day troughs and flirting with its transitory 55-day SMA.

Spot Gold is down on Monday, trading at its lowest in a week, just below the $3,350 mark. The bright metal fell throughout the day, despite some modest caution leading the financial board.