EURUSD on the monthly timeframe is bearish and its downtrend channel and heading back to parity or below parity levels.
The current month's close will form a bearish engulfing pattern, a retest of the double top neckline, and a failure to close above the resistance (supply zone) at area 1.09-1.10.
which confirms its next possible leg down movement continuation to the next support (demand) zone at area 1.03-1.04 and a break of such level, next levels are to the previous low 0.95 and to the new low at the lower monthly downtrend channel at the level 0.90.