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EUR/USD Slumps as Iran Talks Stall Near Key SMA

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The EUR/USD pair is likely to close Monday's session in negative territory, down by about 0.13% against the US dollar.

This comes as news of a delay in talks between the US and Iran has weighed on the market.

From a technical perspective, the pair stalled at the 100-day Simple Moving Average (SMA) near 1.1568.

The EUR/USD is poised to consolidate further, though it's slightly tilted to the upside after buyers reclaimed the 50-day SMA.

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