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fxJul 20, 2026, 5:10 AM

EUR/USD Edges Higher to Near 1.1450, Capped Below 100-Day SMA

The EUR/USD pair traded around 1.1445 during early European hours Monday, supported by a hawkish ECB tone, but remains below the 100-day SMA.

EURUSD

The EUR/USD pair edged higher to near the 1.1450 level during early European trading on Monday, reaching 1.1445. The move was supported by a hawkish tone from the European Central Bank.

However, the pair remains capped below the 100-day Simple Moving Average (SMA), suggesting that upside momentum may be limited. Traders are watching for further ECB commentary and US data to determine the next direction.

Source: FXStreet Forex News