EUR/USD continues its bounce higher as traders take profit after last week’s volatile sell-off.
The divergence between Federal Reserve and European Central Bank speakers suggests future weakness is possible.
US Durable Goods Orders are the main release for the pair on Tuesday.
EUR/USD is trading over a tenth of a percent higher in the mid 1.0800s on Tuesday, in line with broader US Dollar (USD) selling.
Both the US Dollar Index (DXY), which tracks the currency’s performance against a basket of competitors, and the highly correlated US 10-year Note yield are trading lower too.
EUR/USD has now broken back above the key 50-day and 200-day Simple Moving Averages (SMA) as it rebounds from the 1.0801 lows of the previous week.
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