EUR/USD tiptoes lower
EUR/USD is exploring the area below $1.16, as it creates a new low for the month. The first downside target would be $1.1489.
Rallies have been firmly sold since mid-September, so any retracement that stays below $1.17 would be another chance for sellers. Even a push back towards $1.18 would still mark a lower high in the current downtrend off the September high.