The Euro remains capped under 200SMA (1.1098), below which it closed on Friday, after recovery attempts left hourly double-top at 1.1178/87. Near-term action showed double failure to fill overnight’s gap, on bounce from session low at 1.0981, so far being controlled by bearish near-term studies.
Overall strong bearish tone was confirmed by negative signals on long red daily and weekly candles that keeps risk turned at the downside. Support at 1.0981marks first pivot, with daily close below 1.0937 (broken Fibo 61.8% of 1.0519/1.1613 rally), needed to confirm strong bearish stance for fresh attack at 1.0909 low.
Sustained break here to signal resumption of strong downmove from 1.1414/25 (daily double-top) towards next significant support at 1.0820 (March’s higher base).
Only sustained break above 1.1100 zone (200SMA / Fibo 61.8% of 1.1178/1.0981 downleg) would sideline immediate downside threats and signal possible attempt at key near-term barriers at 1.1178/87.

Res: 1.1082; 1.1098; 1.1187; 1.1228
Sup: 1.1000; 1.0981; 1.0909; 1.0820

 , Daily Market Outlook