• EUR/USD clawed back further gains on Monday, adding back 0.65%.
• Despite near-term bullish momentum, Fiber remains buried deep in the bear zone.
• With another week of tepid economic data on the books, Euro remains exposed to market flows.

EUR/USD pared away further losses on Monday, rising nearly two-thirds of a percent as markets ease off the Greenback gas pedal and give the Euro a chance to come up for air. Except for a midweek appearance from European Central Bank (ECB) Christine Lagarde on Wednesday, the economic calendar remains tepid until Friday’s global rolling release of Purchasing Managers Index (PMI) figures due on both sides of the pond.

Euro markets will be sent adrift of general market flows until Wednesday, when ECB President Lagarde appears on Wednesday to deliver the opening remarks at the ECB’s Conference on Financial Stability and Macroprudential Policy. The ECB is currently caught between a rock and a hard place as European inflation continues to hold stickier than European policymakers had initially expected, and the broader European economy continues to tilt lopsided.