EUR/USD: With the pair seen weakening on the back of its Monday losses, more decline should occur on correction. On the upside, resistance comes in at the 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level.
Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Its daily RSI is bearish and pointing lower suggesting further weakness.
All in all, EUR/USD faces further downside pressure on correction.
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