EUR/USD remains on the downside as the fall from 1.1713 continues. Deeper decline should be seen to 1.0807 support. As noted before, the corrective rise from 1.0461 could have completed at 1.1713 already. Break of 1.0807 support will confirm this case and would likely extend the larger down trend. Meanwhile, above 1.1332 minor resistance will turn focus back to 1.1713 resistance instead. In the bigger picture, overall price actions from 1.6039 long term top is viewed as a corrective pattern with fall from 1.3993 as the third leg. Price actions from 1.0461 are viewed as correction to fall from 1.3993. Such correction could have completed ahead of 38.2% retracement of 1.3993 to 1.0461. Break of 1.0461 will extend the decline from 1.3993. On the upside, break of 1.2042 support turned resistance is needed to be the first sign of trend reversal. Otherwise, we'll stay bearish and expect a new low below 1.0461 at a later stage.have a great day .
