Still a downside risk to the key 1.0989

A minimal rebound Monday capped at 1.1055 resistance, after last Friday’s probe lower through 1.1035 and 1.1021 supports, to reinforce last Tuesday’s plunge below 1.1071 for a Double Top pattern, to keep risks lower for this Tuesday.

• We see a downside bias for 1.1015 and then the key 1.0989 level; break here aims for 1.0959 and maybe critical 1.0939.
• But above 1.1055 opens risk up to 1.1092/93.