EUR/USD price is currently on the defensive

Hello dear friends! I'm happy to explore the new weekly market with you.

Currently, the EUR/USD pair is struggling to make gains after experiencing volatile performance on Friday. Today's price action remains around 1.0710 during early Asian trading on Monday.
On Friday, the US Dollar (USD) ended an eight-week winning streak as market participants adopted a cautious approach ahead of the release of key inflation data this week.

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in the four hour frame you can clearly see EUR/USD is in a downtrend.