EURUSD - Technical Analysis: Wednesday, 09/08/2017 04:35 GMT

The EURUSD pair broke 1.1783 level and settled below it, to open the door to extend the bearish correction on the intraday basis, as the price moves near 38.2% Fibonacci correction level at 1.1704, and breaking this level will push the price to 1.1640 direct.

Thus, the bearish trend will be expected in the coming period unless the price managed to rally to surpass 1.1783 level and settle above it again.