• EUR/USD looks under pressure near the monthly lows.
• The resistance line around 1.0915 keeps capping the upside.

EUR/USD extends the side-lined trade and remains close to the February lows.

If sellers regain the upper hand, pair could slip back to the February low at 1.0612 (February 17) in the near term. The breach of this level could see a potential test of the 2023 low at 1.0481 (January 6) emerge on the horizon.

So far, extra losses remain on the cards as long as the 3-month resistance line, today near 1.0915, caps the upside.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0329.

EUR/USD daily chart