• EUR/USD eased within narorw 1.1527-52 range as surge in oil lifts dollar, yields

• Losses are cushioned by haven-related dip buying ahead of large 1.1500 option expiries this week.

• Upside is capped by the 100-DMA at 1.1554, while the 55-DMA at 1.1522 provides support.

• Volatility remains subdued ahead of Wednesday's Fed decision, where a 25 bp rate hike is expected

• A break beyond the 1.14-1.16 range is needed to generate momentum

• ECB's Moulin: higher yields reflect increased debt issuance and rising inflation expectations

• German Chancellor Friedrich Merz canceled NY trip due after electoral setbacks
EUR

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)