The currency pair declined last week and has broken down the support at 1,1068. EUR/USD stays below this level in the moment of writing.

There were no significant data releases last week and this downtrend has correction traits. It concluded the uptrend, started in September 2019. EUR/USD loses positions due to the lack of positive news from the Eurozone.

We expect the currency pair to developed i9ts downtrend towards the next support at 1,0870. This downtrend should be supported by both positive US data or negative Eurozone data. It is recommended following the news.