This week's decline deepened Wednesday. A 3rd down day in a row confirmed EURUSD below the mvg avg area with the market now tracking the lower end of an increasingly negative Keltner channel. The market moved to the most negative levels for 11 weeks – testing 1.1000. That point has yet to break, even in Asia this morning, and that does introduce an extra note of caution, especially with sentiment oversold.
So we're looking for a move through 1.0989 (stop 1.1030) to expose 1.0951 and 1.0910, or to sell any rally to 1.1053 (stop 1.1099).