EURUSD kept falling in the intraday levels, with ongoing negative pressure from the SMA50, leading the pair to breach the pivotal support of 1.0964, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 1.0710 to 1.1375), settling below it and doubling the negative pressures on the next moves, while noting the pair has bounce higher slightly in today's morning as it tries to retest the level of 1.0964 to confirm its breach.

Therefore we expect more losses to come for the pair as long as the resistance of 1.0964 holds on, targeting thereafter the support of 1.0866, representing the ratio 76.4% of the same retracement levels mentioned earlier.

Trend Bearish