Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.
Markets saw a firm resumption of risk-off sentiment towards the end of last week on rising yields, an advancing US Dollar, and the prospect of imminent renewed military clashes between the USA and Iran.