EURUSD managed to rebound further as the market was relieved by Iran/US deal. Prices are still facing the resistance zone of 1.1650-90 which is a tricky zone that can push for a drop.
This week, global financial markets will closely monitor two pivotal drivers: the prospects of a US-Iran nuclear deal and the upcoming Federal Reserve meeting. Any signs of progress in the negotiations could strip the geopolitical premium out of oil prices, subsequently weakening safe-haven demand for the US Dollar.
Looking at the 4-hour chart, the pair traded above the 50% Fib retracement level of the downward move from the 1.1685 swing high to the 1.1499 swing low. The pair is now attempting to close above a major bearish trend line with resistance at 1.1595.