Technical analysis
The RSI is under the line 50, indicating that a downtrend may prevail
The Ichimoku indicator displays a bearish sentiment.
What the possible outcomes are
In the most likely scenario, EURUSD may challenge the first support level of 1.16742
A pass below the first support level can move the price up lower towards 1.16550 and 1.16352.
Alternatively, the EURUSD pair may fail to break to the first support level and rebound towards 1.16900 and 1.17049.
Key levels
Support 1.16352 1.16550 1.16742
Resistance 1.16900 1.17049 1.17333
