EUR/USD Pares Losses at 7-Month Low Near 1.1450 Amid Dollar Pressure

EUR/USD has found temporary support near the 1.1450 level, paring earlier losses after touching a fresh seven-month low during Monday's session. The pair has been under sustained selling pressure as the US dollar maintains its strength on the back of resilient economic data and expectations that the Federal Reserve will keep rates elevated for longer. The euro side remains weighed down by sluggish Eurozone growth prospects and a dovish tilt from European Central Bank policymakers who have signaled readiness for further accommodation. The 1.1450 area represents a critical technical support zone, and a decisive break below could open the path toward 1.1400 and potentially 1.1350. On the upside, initial resistance is seen near 1.1500, followed by the 1.1550 level. Traders are closely watching upcoming central bank commentary and economic releases this week for directional cues. The current price action suggests a cautious bearish bias, though oversold conditions may trigger short-covering rallies in the near term.