The Euro rallied a bit during the course of the trading session on Monday, as the 1.1775 area has offered a little bit of support over the last several days. At this point, it looks as if we are trying to form a short-term base.
German business sentiment weakens in July. The EUR failed to slide, however, with sentiment towards current conditions delivering support.
The announcement comes hours after CEO Changpeng Zhao tweeted that Binance was reducing the maximum leverage users can use to trade futures contracts.