EUR/USD Faces Resistance at 20-Day EMA Near 1.1460

The EUR/USD pair is edging lower during the early European session on Monday, trading near 1.1428. The move comes as the US Dollar recovers some ground following a negative weekly performance, putting mild selling pressure on the major currency pair.

Technical traders are watching the 20-day Exponential Moving Average (EMA) around 1.1460 as a critical resistance level. The pair has struggled to break above this barrier, suggesting near-term upside may be capped unless buyers push through with conviction.

With the current price below the EMA, the bias remains bearish in the short term. A failure to reclaim 1.1460 could open the door for further downside, while a breakout above would signal a potential trend reversal.