EUR/USD comes back under pressure this morning

On Friday the EUR/USD reached a high during the Asian session, at 1.1461. It then spent the rest of the day back-peddling and later closed in the US at 1.1416, which was close to the lows of the session, at 1.1412. However, as you can see, it did not breach the 1.14 handle on the downside, but it has today. 

War risk and a flight back to the US currency saw the Euro fall as low as 1.1384 earlier today. The low seen all last week was set at 1.1391, so it looks like some stops were taken out below that level earlier this morning. It has managed to rebound somewhat since the earlier low, but in no way is that conclusive to very much at all. The move lower today has also taken it below a rising trend line stemming from the low point set on June 24, at 1.1325 (also a 2026 low by the way). 

So, we have clear levels to note this morning, the low seen on June 24 and the 1.1461 high seen last week. To be honest it can do whatever it likes whilst inside those two parameters, but not if one gives way to the other. The EUR/USD is right now at 1.1398