EURO rebounded from its multi-week lows it is perceived European Central Bank is winning Europe's political leaders over to its policy of focusing on fighting inflation even as economic growth slows. JPY tracked other majors as Japanese markets remained closed for the day. Upon positive readings in US ISM services the .Japanese markets will remain closed on Tuesday.

TECH OUTLOOK

EURO is expected to be on mixed note for the day. trading range is expected between 1.5430-1.5580 levels. Currency lends its support at 1.5400 levels and holds resistance at 1.5590 levels. the momentum is still trending downwards yet the chart pattern holds the currency to move on upper move .Stochastic in neutral territory and remains silent on the issue. overall the currency is seen on a mixed note.