Euro falls to fresh US low, support nearby

EUR/USD under fresh pressure

The euro is back below 1.07 and testing the lows from early in Asia when liquidity was thin. EUR/USD fell to 1.0695 in the latest move but touched 1.0687 earlier. Last week's low was 1.0675.

A fall below there would be a fresh six month low.

The US dollar is fairly strong at the moment but EUR/GBP selling is also hurting the euro more broadly.

There is a rough head & shoulders patter on the chart over the past week. A break of the recent lows would target a drop back to the March/April lows near 1.0500.