The common currency registered lows around 1.1066 last week and has settled around 1.11 on Monday. The pair may struggle to regain the upside momentum in the days to come due to a number of risk events, from FOMC and ECB meeting minutes to Economic Policy Symposium in Jackson Hole and fresh PMI data later in the week. Less dovish than expected comments from the could lift the dollar across the board, which would be a negative scenario for the euro .
Moreover, citing the latest weak economic data out of the Eurozone, including the German GDP contraction in the second quarter, the ECB could send a dovish signal to global markets. In this scenario, EURUSD could even challenge the lows around 1.1025 after a possible break below 1.1060.