From a technical standpoint, the long term support line appears to be broken.
The 20v 50 day cross-over suggest momentum will be downward sloping.
cross-over is not a good sign.
may be over-sold but the down-trend looks pretty clear.
It is certainly possible that EUR/USD will rally in the near-term, but I think the break of the long-term support and the firmly entrenched will prevail. If we go below Below 1.00 & 1.05, the all time lows will be exposed.