Technical analysis: EUR/USD has been rallying for the past few days creating higher lows/higher highs but this was clearly a pullback since it failed to close above a key around 1.125-1.126 where is located the 50-D , a horizontal resistance line and a descending since January ( all shown on the chart ).
I also noticed a pattern which is a visual description of what happened today: Bulls tried taking prices higher but the movement lacked follow-through. After that bears took over, sent prices lower and most importantly managed to close the day well below the open.
In my opinion, tomorrow is gonna be a day. However, bears need more work to do. In other words, first support to be broken is near 1.12 figure where is located 20-D after that 1.1172 under which the bear trend will continue and retest 1.111 YTD low.