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EUR/USD attempts to regain lost ground
The pair saw a sharp sell-off at the end of last week. With last week's rally always looking like a retracement of May’s sell-off, this move lower was bound to happen sooner or later.
As such, any ground made up this morning could be fleeting, for another move lower seems likely before long. With that in mind, a bearish view is in play, with a closed hourly candle above $1.1321 needed to negate this view. Key support levels are $1.1232, $1.1217 and $1.1137, with resistance at $1.1321 and $1.1418.