Intraday bias in EUR/USD is back on the downside with breach of 1.1159. Current fall from 1.1710 should target 161.8% projection of 1.1848 to 1.1323 from 1.1710 at 1.0861. Nevertheless, break of 1.1276 minor resistance will indicate short term bottoming, and turn bias back to the upside for stronger rebound first.
In the bigger picture, current development suggests that fall from 1.2081 medium term top could be reversing the rise from 1.0176 (2025 low), and probably even that from 0.9534 (2022 low). Deeper fall should be seen to 61.8% retracement of 1.0176 to 1.2081 at 1.0904 next. For now, risk will stay on the downside as long as 1.1710 resistance holds, in case of rebound.
