EUR/USD Technical Analysis: Bearish view unchanged while below the resistance line at 1.1406
- EUR/USD remains sidelined in the 1.1300 neighbourhood following last week’s drop to the 1.1280/70 band.
- The pair came under downside pressure after last week’s up move failed to convince market participants above the key barrier at 1.1400 the figure, coincident with the 5-month resistance line.
- Furthermore, the negative stance on the pair is expected to prevail as long as this resistance line caps the upside, today at 1.1406.

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















