EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

• The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
• Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
• Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.

EUR/USD daily chart