The euro is still likely to weaken

Today, the EURUSD fell below 1.0756 and the short-term trend of the Euro against the US Dollar is declining. The market will reach the next target by estimating 100% Fibonacci at 1,0495.

From the buyers’ point of view, breaking the resistance of $ 1,022 is needed to form a short-term price floor. Otherwise, the EURUSD technical outlook will remain bearish.

* Technical H4 analysis of EURUSD

* Technical daily analysis of EURUSD