EUR/USD Technical Analysis: Downside pressure persists below 1.1500

• The pair comes under some selling pressure at the end of the week after two consecutive daily advances and a couple of failed attempts to break above the 1.1400 mark.

• The negative bias is poised to persist as long as the pair trades below November’s peak in the 1.1500 neighbourhood, leaving a test of YTD lows around 1.1200 well on the cards.

• On the upside, interim hurdle emerges at recent tops in the 1.1470/80 band.

EUR/USD daily chart

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