EUR/USD struggles to maintain momentum, trading with a negative bias below 1.1200 as political and fiscal instability in France weighs on the single currency.
The EUR/USD pair is facing downward pressure as it fails to sustain momentum above the 1.1185 support level. The currency pair maintains a negative bias during the early European session, reflecting broader market caution and a lack of conviction from buyers to push the pair higher.
The pair exhibits a mildly negative bias as it struggles to maintain gains above 1.1185.
The 1.1185 area is currently serving as a key support level for the pair.
The EUR/USD pair faces renewed selling pressure, failing to sustain a recovery from the 1.1185 level during Monday's European session. Escalating fiscal and political concerns in France continue to dampen investor appetite for the Euro, keeping the pair in a bearish short-term trend.
The pair is under pressure due to mounting fiscal and political risks originating from France, which have undermined investor confidence in the Euro.