From a technical point of view, EUR/USD is posting a rebound but remains within a wide triangle pattern even if it stands above its 50-day moving average (in blue). Readers may therefore consider the potential for a new weakness below resistance at 1.0990. The nearest support would be set at horizontal support at Apr. 23 low at 1.0725 and a second one would be set at set at March bottom at 1.0630 in extension.
Source: TradingView, GAIN Capital