The euro is back under slight downside pressure against the US dollar, after the pair suffered a heavy technical rejection from the 1.0990 resistance level last week. EUR/USD technical analysis shows that buyers need to hold price above the 1.0990 level to encourage another test of the current monthly high. The euro is starting to weaken against the US dollar after the pair reversed sharply from the 1.0990 resistance level last week. Traders started to move back into the safety of the greenback and shun riskier currencies, following much worse than expected US retail sales and weekly jobs data. EUR/USD analysis over ... (full story)