Yesterday, EUR/USD has been trading in the supply area and then managed to move lower breaking the S1 (1.0956). This could be treated as a confirmation that pair is ready to continue moving lower.
After the support breakout, today EUR/USD has retraced slightly back the S1 support and it seems it is being rejected. Consider selling EUR/USD today or at the beginning of the next week, while it is near S1 targeting either S2 (1.0807), S3 (1.0610) or the final support S4 (1.0290). Only a daily closure above R2 (1.1121) would most definitely change the direction of the trend.
Support: 1.0807, 1.0610, 1.02289
Resistance: 1.0956, 1.1047, 1.1121
