EURUSD extended its downside movement from 1.1496 to as low as 1.1055, breaking below 1.1095 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1000 area. On the upside, a breakout of the trend line resistance would indicate that the downtrend had completed at 1.1055 already, then another rise towards 1.1500 could be seen.
