The euro currency briefly slipped below the technical support area of 1.0787.
However, prices managed to recover after losing ground to close above this level of support.
The EURUSD currency pair has been trading flat for the last couple of sessions within the levels of 1.0905 and 1.0787.
As a result, price action is consolidating into a descending triangle. Unless prices breakout above the trend line, we expect stronger declines if the euro loses the 1.0787 handle.
