- The pair remains under pressure at the beginning of the week although it managed to rebound from daily lows in the 1.1590/85 band.
- A drop below Friday’s low at 1.1567 should open the door for a potential test of September’s low at 1.1526.
- Further downside should meet support at 1.1508 initially.
- A reversion of the current downside bias should regain the short-term support line, today at 1.1706, to allow for a resumption of the up trend.
EUR/USD daily chart
Daily high: 1.1619
Daily low: 1.1573