The technical perspective of EURUSD remains bearish in the short term- and the medium term, with EUR/USD having scored fresh lows 1.0850 and on track to close the week with losses at its lowest level since mid-April 2015. A break below the 1.0820 level (May 2015 monthly low) could see the pair quickly approaching 1.0800 route and if it breaks the 1.08000 then we can see quickly to 1.0660, next bearish target.
On the other hand, if it sustained to recover above 1.1290 is needed to ease the broader bearish pressure, in which case the bounce could extend toward the 1.1400/50 region.
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