EUR/USD back below important resistance
The price continues to drop back for EUR/USD, having fallen below the key resistance zone around $1.185. The next areas to watch are $1.17, then $1.1662, and then $1.155.
A close below $1.1712 is needed to put an end to the rally from the November lows. A recovery above $1.1808 would be a good first step for the bulls, but there is still plenty of resistance that would need to be broken, at $1.1836, $1.1858, and then $1.188.