Fundamental Analysis
* The Euro registered biggest daily drop in over a month on Monday.
* Easing of lockdown measures in Germany could support the single currency in the short-term.
* The Eurozone PPI for March is scheduled for release at 09:00 GMT. The single currency may also take cues from the European commissions economic forecasts. speech by the German Bundesbank President Weidmann and ECB's Mersch.
Technical Analysis
* The 1.09 level acted as support, price could bounce back towards 1.0935 before continuing further sell-off towards the 50 and the 200-period SMAs.
Support: 1.09 / 1.0815
Resistance: 1.0935 / 1.990
