EUR/USD attempting to break through key support
EUR/USD is trying to break below the crucial $1.0635 support level this morning. An hourly close below here would likely spark another leg lower for the pair.
This current downturn is perceived as a retracement of the rally from $1.0494. As such, longs would look attractive from $1.0591. With that in mind, while we could see further downside, it would likely be fleeting, with the wider uptrend expected to kick in once more soon.