EUR/USD continues to show weakness and this morning brought another fresh low into the equation as sellers tested below the Fibonacci level at 1.0943. Bears were even able to push below 1.0900 but that move couldn’t last as prices have pulled back to that prior support zone. At this stage, this highlights resistance potential at prior support, taken from the low last week up to the 1.0943 level. This keeps an open door for bears with the big question as to whether they can maintain the move. On the drivers front, the ZEW Sentiment Survey tomorrow could be key as it was a series of bad PMI reports last month that ... (full story)