How long will the euro continue to fall?

The EURUSD continues to decline and the short-term trend of the Euro against the US Dollar is bearish. Thus, the market will reach the next target in estimating 100% Fibonacci at the rate of 1,0495.

From the buyers’ point of view, the resistance breakout of 1,035 is needed to form a short-term price floor. Otherwise the EURUSD technical outlook will remain bearish.

* Technical H4 analysis of EURUSD

* Technical daily analysis of EURUSD