EUR/USD rose to 1.1850 but erased its gains during American session.
US Dollar Index stays above 93.20, reflecting broad USD strength.
Germany will release second-quarter GDP report and IFO sentiment data on Tuesday.
The EUR/USD pair posted weekly losses for the first time since mid-June last week but staged a rebound during the first half of the day on Monday. However, the pair met resistance near 1.1850 and erased its daily gains. As of writing, EUR/USD was virtually unchanged on the day at 1.1798.