The EUR/USD pair has been moving downwards since Friday, the 1st of April 2016, with the price dropping from 1.1405 to 1.1344.
On Monday, the EUR/USD price range between the levels of 1.1357 and 1.1409, but as of writing the pair price is currently trading at 1.1358.
In the event that the seller manages to force the price below the level of 1.1325, profit targets could be set at 1.1290 and 1.1255 respectively.
In the scenario where the price breaks above the level of 1.1379, the pair could escalate up to 1.1402 and 1.1438 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.