Intraday bias in EUR/USD remains on the downside at this point. Current decline should target 1.0904 fibonacci level. For now, risk will stay on the downside as long as 1.1272 resistance holds, in case of recovery.
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 1.1323 support turned resistance holds, in case of rebound.
