Looking beyond the narrow, consolidation range evident on the intraday and daily chart, the weekly pattern of trade still leans EUR-bearish.

A net loss for the EUR on the week last week follows the bearish top/reversal signal that developed on the weekly chart over the turn of the year and completes a bearish ‘evening star’ pattern on the weekly. Look for resistance near 1.10 now.

Support is 1.0875.

Corrective losses may extend to 1.07/1.08 in the next few weeks.