EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

• EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
• The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
• While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.

EUR/USD daily chart