EUR/USD has continued its downside pressure after the failed break above minor resistance at 1.1048. We should see a continuation lower to test support at 1.0833 before the correction in wave ii is finally completed and wave iii higher can take over for a rally towards 1.1444 as the next upside target.
In the short term, we see a minor resistance at 1.1034 which ideally will cap the upside for the corrective decline towards 1.0833.
