The EUR/USD pair has been moving downwards since Thursday, the 11th of February 2016, with the price dropping from 1.1374 to 1.1001.
On Monday, the EUR/USD price range between the levels of 1.1003 and 1.1123. In the event that the seller manages to force the price below the level of 1.1001, the pair could find support at 1.0809.
In the scenario where the price breaks above the level of 1.1092, the pair could escalate up to 1.1163 and 1.1242 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.