EURUSD fell in the intraday levels under the pressure of the SMA for the last 50 hours period, which led the pair to breach the support of that ascending price channel that limited its previous short-term movements as shown in the attached chart, combined with an unwarranted rise in relative power indicators to extremely overbought levels in a contradictory way to the pair's upward movement, doubling thereafter the negative pressures in the next trading.

Therefore we expect more losses to come for the pair, targeting the support of 1.1085.

Trend Bearish