Looking at EUR/USD chart, we can see the downward trend extended as the 1.13 support level was broken on two attempts, leading to the gradual fall to the 1.126 level.
From there, it bounced back up towards the previous support of 1.13 but could not consolidate.
It was breached again and fell to the 1.12 level where it is currently found trading. The pair has no short-term support, and overhead resistance is at the 1.126 level.
Today we could expect an extension of the current trend and a further fall below the 1.12 level or consolidation at the same level.
If it does manage to consolidate or hold above the 1.12 range, then a move towards the 1.126 resistance can be expected.
