EUR/USD struggled to find demand on Friday and touched its lowest level since early May below 1.0670.
EUR/USD consolidates above 1.0700 at the beginning of the week. The pair could stretch lower if 1.0670 support fails. Comments from central bank officials could impact EUR/USD's action on Monday. After staging a technical correction heading into the weekend, the pair seems to have stabilized slightly above 1.0700 in the European morning on Monday. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days.
EUR/USD Technical Analysis The Relative Strength Index indicator on the 4-hour chart edges slightly higher but remains below 40, suggesting that the bearish bias is intact and EUR/USD's latest recovery was a technical correction. The Fibonacci 78.6% retracement of the latest uptrend aligns as key support at 1.0670. If EUR/USD falls below that level, additional losses toward 1.0600 could be seen. On the upside, first resistance is located at 1.0730 before 1.0760 and 1.0800 .
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