EURUSD: continues to recover above 1.0800

Hello everyone! EUR/USD has bounced back after two consecutive losing sessions, marking a comeback from recent weeks' lows around the 1.0800 light, countering the US Dollar's bearish bias.

Starting the new week on a lighter note, the Greenback's recent rally has weakened, sending the US Dollar Index (DXY) falling below 104.00, despite US interest rates being higher in many different time periods.

Likewise, growing demand for riskier assets has given the Euro wings, marking EUR/USD's notable recovery from recent levels near 1.0800.

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