EURUSD Confirms Bearish Pattern Afterf Breaking Below 1.1000

EUR/USD Confirms Bearish Pattern After Breaking Below 1.1000

On October 4th, EUR/USD broke down from a key support area at 1.1000, a significant psychological level for the pair. This former support zone has now turned into resistance, aligning with the neckline of a double top pattern.

The likelihood of a continued bearish movement is increasing, supported by two strong bearish indicators. After any minor corrections, we may see EUR/USD moving down to 1.0875, 1.0800, and potentially to 1.0700.

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