The EUR/USD currency pair is attracting dip-buying early in the week, indicating a reversal from last Friday’s declines. Currently, the pair is trading around the 1.1420 area, reflecting a gain of over 0.20% for the day. Market sentiment is optimistic as the US Dollar displays weakness against other currencies. Traders will closely analyze any signs of further upward momentum, especially as the pair navigates above the critical 100-hour Simple Moving Average (SMA) around the 1.1380 level. This trend may offer traders potential opportunities in the forex market as conditions evolve.