EURUSD Analysis
EUR/USD struggling to gain traction when the RSI fell below 30 last week and the upcoming technical correction might not be significant enough to attract buyers.
On the downside, initial support aligns at 1.1360 (static level). A daily close below that level could open the door for additional losses toward 1.1300 (psychological level).
In the meantime, EUR/USD continues to trade in a one-week-old descending regression channel and the upper limit of that channel at 1.1400 forms the first technical resistance ahead of 1.1440 (static level) and 1.1470 (static level).
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