Euro’s bearish inverted hammer candle formation on daily chart, if followed by a break below 1.1464 today would shift risk in favor of a drop below 1.1429 levels.
As said earlier this week, bulls need to defend 1.1429 as a violation there after failing to sustain above key resistance zone of 1.1430-1.1534 would open doors for a slide to 1.1202 (5-MA on monthly).
On the higher side, 1.1534 is an immediate resistance, which needs to be breached if the pair has to re-test 1.16 levels.