EUR/USD downside stalls as dollar rally pauses for breath ...Middle East

And that comes after a key test of the 1.0500 mark last week, with the importance of the level underlined here. The bounce this week sees the pair nudge up closer to 1.0600 but is also pausing a little since overnight trading. That coincides with the 23.6 Fib retracement level of the swing lower this month, also seen at the figure level.Besides that, offers layered at the 1.0600 mark are also in play for now and that is keeping the bounce in check. Looking to the near-term chart though:We can more clearly see how the dollar momentum has stalled. That considering price action has now moved back above its 100-hour moving average (red line). As such, the near-term bias is now more neutral with

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