Euro nears 1.18 and the 100-day moving average

Technical Analysis

Author: Adam Button | euro

EUR/USD remains under pressure

The euro is testing 1.1800 as the slow grind lower continues. The euro is the G7 FX laggard today despite some decent PMIs earlier.

Watch out for stops if 1.1800 and the 100-dma just below give way.

In the da ahead, economic data includes German factory orders followed by industrial production on Wednesday.