The Euro flips bearish as stocks turn risk-averse on heightened fears of the second wave of the coronavirus outbreak as Japan, China, and the US report a jump in the COVID-19 cases. The pair gapped down on Monday morning following the US equities futures. Looking ahead, the equity markets will be the main indicator for this pair. If stocks continue selling-off than profit taking will likely resume today pushing the shared currency lower, possibly below 1.12 and 1.1150.
Support: 1.12 / 1.1150
Resistance: 1.1265 / 1.1320
