EUR/USD Technical Analysis: Bears challenging 3-month old support

   •  The pair extended its recent bearish trajectory and remained under some selling pressure for the sixth straight session, also marking the seventh day of losses in the previous eight.

   •  The momentum dragged the pair below the 1.1300 handle for the first time in just over two weeks, though bears took a breather near late-Jan. swing lows, around the 1.1290 area.

   •  The mentioned region coincides with three-month-old support and bearish technical indicators on hourly/daily charts support prospects for an eventual bearish breakthrough.

   •  A sustained weakness below the said support might act as a key trigger for bearish traders and pave the way for further downside towards challenging the 1.1215 region – Nov. swing lows.

EUR/USD daily chart