EUR/USD snaps the series of lower highs and lows from last week as it bounces back ahead of the monthly low (1.0668), but the exchange rate may stage further attempts to test the May low (1.0650) as the Federal Reserve retains a restrictive policy. US Dollar Forecast: EUR/USD Bounces Back Ahead of Monthly Low EUR/USD may trade within the broad range from earlier this year as the 50-Day SMA (1.0771) no longer reflects a negative slope, and the exchange rate may retrace the decline from the monthly high (1.0916) as the update to the US Personal Consumption Expenditure (PCE) Price Index is anticipated to show slowing ... (full story)