What is the landscape for the pair.
The EURUSD remains bearish. The trend extended to new lows for the week- new lows going back to December 3rd (that will be the case until the 1.05187 level). The low today reached 1.0581. We are working on the 10th straight down day for the pair (yesterday’s close was at 1.06216). The last up close was on November 4th at 1.1140. The move from that high close has taken the price down to 1.0568. That is 572 pips.