EUR/USD bounce falters
EUR/USD has plumbed to a new low, continuing its extended downtrend and heading towards possible support at $1.111.
A rally will target $1.13, previous key support, while above this the November high at $1.15 comes into play. Having rallied from oversold intraday conditions, it will be important to watch the $1.126 area. A failure to break above this would suggest a lower high and bring more selling pressure into the picture.