- EUR/USD finds support at 1.1350, looks for a new direction.
- Bearish potential on 'outside day' pattern which could trigger a down-move in the coming days.
The EUR/USD pair is now struggling for direction after finding quite decent support in the 1.1350 area. To the upside, it immediately emerges monthly tops, just above 1.1400 the figure and ahead of the more relevant area near 1.1450, or March tops. This important hurdle is considered the last defense for a visit of 2019 highs in the 1.1550/70 band.
Of note, however, is the bearish ‘outside day’ charted yesterday, which could be a prologue for a move lower in the next days.
EUR/USD daily chart
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