After touching the 1.1146 resistance level, EURUSD dropped sharply to 1.0943, breaking below the 1.1020 support level. This indicates that the pair remains in a downtrend from 1.1275. Further decline is still possible in the coming days, with the next target being 1.0900, followed by the previous low of 1.0833.
However, there is also immediate resistance at 1.1010. If the price manages to break through this level, it could rebound back towards the falling trend line on the 4-hour chart.
