After consolidating in a rectangle pattern for a while, price broke the consolidation zone to the downside and had a big drop.
The main trend fir EURUSD is a downtrend and we can see the bearish pressure.
Currently, price has approached to the support level at 1.046 and we should wait to see if it can break this level or not.
Since we are in a downtrend and we should always be friend with trend, if price breaks the yellow support level at 1.046 and closed a bearish candle below this level, I expect more drop on EURUSD around 1.03580