- Monday’s bull run to the 1.1250 region lacked of follow through, later forcing EUR/USD to recede to levels further south of 1.1200 the figure.
- The pair remains under pressure and odds for a test of the yearly lows in the 1.1180/70 band have increased in past hours.
- There is no change in the pair’s near/medium term outlook, which remains bearish while below the key 6-month resistance line, today at 1.1392.
EUR/USD daily chart