The common currency was seen trading within the range established from last week. The currency remains rather muted amid a strong rebound in the U.S. dollar. Economic data on Monday was quiet from the Eurozone. Germany will be releasing the preliminary inflation estimates for July later today.
EURUSD Likely to Remain Near Two-Year Lows
EURUSD currency pair has been trading rather flat near the two-year low. This is supported by the trend line which was tested briefly. Unless there is a strong downside momentum, EURUSD could be seen hovering near the support area of 1.1140 region. Any upside gains will be limited to 1.1188.
