EUR/USD Technical Analysis: Rising odds for another visit to YTD lows near 1.1180

• The pair dropped to the 1.1270 area on Friday, where it seems to have found some decent support for the time being.
• Last week, EUR/USD failed around the key 5-month resistance line and further decline remains a chance while below this relevant area, today at 1.1407.
• On the upside, spot needs to clear the area of recent tops beyond 1.1400 the figure to mitigate downside pressure and allow for a potential move to the 1.1500 neighbourhood and beyond.

EUR/USD daily chart