The 1.11377 level continues to hold support
The EURUSD fell below "the range" lows at the 1.1162 area and has been able to stay below that level. The floor is now the ceiling.
However, the next key target below at the 50% midpoint is still holding support. The EURUSD has stalled at the level (1.11377) on the last two hourly bars. Needless to say, just like the floor above (now the ceiling), a break of the level is needed to get more shorts interested.
Looking at the daily chart below, the 1.1100-09 area is home to swing levels from April, May and July. That will be a target on more downward momentum.
