on daily timeframe
has broken down descending trendline
from May 2014 top 1.3993 in projected area 1.1040. This level should be considered pivotal for EURUSD
on Monday: another close below it would confirm next bearish
target 1.0815, while rebound above 1.1040 would support EUR.
from 20 July on 4-hour EURUSD
chart confirms described pivotal area 1.1040. FIrst EURUSD
support is 1.1015, static line from April 2015.
retracement above 1.1040 is possible with targets 1.1100, 1.1130 and 1.1160.