The EUR/USD currency pair has declined to the 1.1960 level.
Given that the exchange rate is pressured by the 55–hour moving average, as well the weekly S2 near 1.2000, it is likely that some downside potential could prevail in the market. The rate could target the 1.1880/1.1900 area in the short term.
In the meantime, note that the currency pair could gain support from the weekly S3 at 1.1946. Thus, the Euro could trade sideways against the US Dollar within the following trading session.
