EUR/USD rallies, yet downtrend remain
EUR/USD is gaining ground this morning, as part of a wider dollar sell-off. However, as mentioned yesterday, any rally is seen as an opportunity to get short at a better price, as long as price does not break back above $1.1059.
As such, a bearish view remains in play for another break lower unless we push above $1.1059. Key support levels to watch come in $1.0964, $1.0952 and $1.0911.