EUR/USD holding below 1.0592/91 re-targets last week's low at 1.0570/65 in the negative trend. We are so severely oversold, but a break below yesterday's low of 1.0556 targets April lows at 1.0529/19. Just be aware that further losses target the year low seen in March at 1.0460/56.
A small recovery is always possible in such severely oversold conditions. First target and resistance at 1.0600/05 then 1.0635/38 could hold a rally. However if we continue higher, look for 1.0660 then a selling opportunity at 1.0680/85.