Forex: EUR/USD upside stalls below 1.3275

As the EUR/USD retraces some of last week's losses, the chart shows an upward curve being drawn since the Asian session. However, after touching 1.3275 during the European morning, the market has stalled, trading sideways under a tight range since then.

Soon, investors will trade US Chicago Fed and Dallas Fed indexes, as well as German Buba Weidmann's speech, at 15:30 GMT.

“A closing break below 1.3187 would be a bearish development, exposing 1.3063 ahead of 1.2998”, wrote UBS analyst Gareth Berry, pointing to resistance is at 1.3291 ahead of 1.3434.