EUR/USD: The pair continues to retain its broader downside pressure having rejected higher prices on Monday. This development leaves EUR/USD vulnerable to the downside in the days ahead. On the downside, support lies at the 1.0550 level where a violation will aim at the 1.0500 level.
A break of here will aim at the 1.0450 level. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. All in all, EUR/USD faces further downside pressure.
