EUR/USD Slumps as Iran Talks Stall Near Key SMA
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.