Technical analytics

Buyers finally reclaimed the 113.00 level and posted a fresh high at 113.42. 

The pound is still in red figures, however, the major started a correction phase.

The market sentiment turned bearish when buyers failed to build on a recovery. 

The tone is still negative in the market. However, bears retreated and this is a chance for buyers to reverse some losses. 

DAX

DAX is neutral on Monday. The benchmark is still around 13000 preserving its neural-to-bullish stance.

After unsuccessful attempt to regain 2550 the pair lost steam and turned to the downside. 

Brent oil prices sharply dropped on Friday. 

Buyers are back and strive hard to reverse their recent losses. 

The night recovery stalled at 1.3100 in the Asian session. 

The EUR/USD pair remained in a downward channel on Monday.