EUR/USD Technical Analysis: The outlook remains bearish below the resistance line at 1.1067

• EUR/USD has picked up further downside pressure on Monday in response to another wave of disappointing PMI results in the euro area.
• Today’s breakdown of the key support at 1.1000 the figure should open the door for extra weakness to the 2019 low at 1.0926 in the near term.
• Looking at the broader picture, while below the 3-month resistance line, today at 1.1067, the negative view is expected to remain unchanged.

EUR/USD daily chart