• EUR/USD flat after early spike Mon in quiet holiday impacted trading

• German trade deficit with CN widened in H1 according to weekend GTAI data

• Fed rate hike bets in retreat after Fri's unexpectedly soft U.S. jobs data

• Upbeat reports of U.S.-Iran peace progress emanating from both sides

• Wider Middle East uncertainty continues as Houthis resume attacks in Yemen

• U.S. Jul core CPI update Wed, Reuters poll consensus +0.2% m/m, +2.5% y/y

• EUR will encounter resistance near 1.1620, break above will enliven bulls

• Range Asia 1.1552-80, support 1.1350-55 1.1325, resistance 1.1620-25 1.1850
EUR Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)