EUR/USD plummets to approach monthly S2

For a tenth consecutive day the Euro has been underperforming the US dollar, as yesterday it dropped below the major level at 1.18 and has even crossed a considerable support represented by monthly S2 at 1.1781. However, towards the end of the trading session the pair managed to return back closer to 1.18. Today the cross has a chance to make a second attempt to breach this demand area. If successful, then we can expect the EUR/USD losing even more value and trade towards 1.1707 (weekly S3) in the next 24 hours.