EURUSD is facing downward pressure as it retreats from earlier gains, currently trading near 1.1240 during Monday’s Asian session. The Euro is experiencing challenges, especially after comments from European Central Bank (ECB) official Olli Rehn indicated a possibility of rate cuts if future forecasts show continued disinflation and slowing economic growth.

Market sentiment grows cautious as traders evaluate the implications of the ECB’s signals. As more data comes in, EURUSD will likely react, making it essential for traders to stay informed.