EUR/USD Price Analysis: Rebound needs to surpass 0.9800

• EUR/USD regains composure and leaves behind the 0.9700 area.
• Immediately to the upside comes recent peaks around 0.9800.

EUR/USD manages to leave behind Friday’s retracement and advances well north of the 0.9700 hurdle on Monday.

The continuation of the recovery needs to clear last week’s top just above 0.9800 the figure to open the door to further gains in the short-term horizon.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0568.

EUR/USD daily chart