- The immediate support-line break signal further declines to the latest lows.
- Multiple resistances stand tall to confine the quote’s rise.
Having breached short-term ascending trend-line support, the EUR/USD pair now trades near 1.1175 during the early Asian session on Friday.
Break of three-week-old support-line signals the quote’s further declines to 1.1145 and then to the latest low around 1.1110.
However, pair’s downside under 1.1110 might not hesitate to rush toward 1.0000 parity level with early May 2017 high of 1.1015 being likely intermediate halt.
Alternatively, 1.1215 and a downward sloping trend-line from March 22 at 1.1240 could question buyers.
Should prices rally past-1.1240, 1.1270, 1.1280 and 1.1330 can entertain the optimists.
EUR/USD 4-Hour chart
Trend: Bearish
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