EUR/USD not so hot now- 1.1364 comes back into view once more

In recent updates we have noted how on Friday the EUR/USD came close to taking out the low seen the day before, at 1.1364. In the event it stopped short of that and rebounded from a low at 1.1365. Earlier today we saw how it managed to recover the 1.14 handle and reach 1.1418. Well, since then it has continued to track lower this afternoon and that has seen it edge down as low as 1.1376.

It is off that low now, but clearly 1.1364 is back in sight once again and it probably depends on whether there are stops in place below 1.1364. We cannot confirm that here. The EUR/USD is right now at 1.1379

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