EURUSD paused to catch its breath holding near the recent lows. This leaves the trend still directly lower to test price support next at 1.0826/22 ahead of the January low at 1.0711. We would expect to see a bounce here, but beneath it can expose the lower end of the medium-term range at 1.0610/05. We would look for a fresh floor to be found here. Resistance moves to 1.0912/16 initially, then 1.0952/63, with 1.1002/39 ideally capping to keep the trend directly lower. Bigger picture, we continue to look for an eventual move to parity, and likely lower. Whilst we remain bearish EURUSD, it is worth noting though rises ... (full story)