EUR/USD still watching and waiting

An update here yesterday afternoon noted how the rebound in the EUR/USD had once again stalled just ahead of 1.0850 and then turned lower. The Euro later fell to 1.0785 ahead of the final 4pm London fix of the month. Perhaps unsurprising, it lifted again after that update was out of the way. However, that rebound certainly did not break any fresh ground, when it later closed out the month in the US at 1.0816. The range seen so far today has been covered by 1.0799 to 1.0830 and once again it has just now fallen back from that earlier high to set the session low. The path forward is very uncertain and much will depend on what plays out this week, as to whether the Euro can recover the uptrend that saw it reach 1.0955 last month. The path of the EUR/JPY will be integral to that too. The US data could play a role this week, but right now that is secondary to what Trump has to deliver tomorrow. For that reason the EUR/USD is holding its breath on all that and very much in a wait and see mode, as indeed it appeared to be yesterday. The EUR/USD is right now at 1.0807