- EUR / USD remains under pressure in the 1.0800 district.
- An intermediate obstacle emerges at the resistance line at 1.0885.
EUR / USD extend the consolidation score at the bottom of the monthly range earlier this week.
While further consolidation seems likely in the very short term, a downward movement to test the monthly lows in the 1.0770 / 65 band remains on the table in the short term.
On the upside, an occasional bullish attempt should encounter an intermediate barrier on the short-term resistance line at 1.0885 before last week’s highs at levels slightly below 1.0900.