The EUR/USD pair has been moving downwards since Thursday, the 11th of February 2016, with the price ranging between the levels of 1.1374 and 1.1118.
During the Asia session, the pair advanced from 1.1118 up to 1.1179. In the event that the seller manages to force the price below the level of 1.1089, the pair could find support at 1.1021.
On the flip side, in the scenario where the price breaks above the level of 1.1216, the pair could escalate up to 1.1277 and 1.1314 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.