In weekly chart the pair has closed below 1.06186 (88.6 % retracement of 1.04695 and 1.1751) at 1.05893 level. This confirms major weakness a decline till 1.03500 (1.13% of 1.04685 and 1.1750) is possible
On the lower side short term support is around 1.05600 and break below targets 1.0500/1.04600.The pair's major support is around 1.0460 (Mar 2015 low) and below that will drag the pair till 1.0400/1.03500 level.
EUR/USD is facing strong minor resistance is around 1.0660 and break above targets 1.0720/1.0770/1.0830.
Overall invalidation only above 1.0830.
It is good to sell on rallies around 1.0630-35 with SL around 1.0725 for the TP of 1.0500/1.04600/1.0350