EUR/USD – Bears reinforced, further losses below 61.8% Fibo

FX:EURUSD   Euro / U.S. Dollar
Pair’s failure at 10-DMA 1.1039 followed by a fall back below falling trend line level and a subsequent drop to 1.0940 suggests the pair could breach 1.09368 (61.8% of 1.0517-1.1616) and extend losses to 1.0911 – 1.09 handle.

A daily close below 1.09 would provide more power to bulls.

On the higher side, only a breach of descending trend line would signal bearish invalidation.
Please can u recheck the comment on your posting?
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