EURUSD’s downward movement from 1.1299 extended to as low as 1.0666. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0820 and 1.0900, as long as these levels hold, the downtrend will continue.
![eurusd chart](https://www.forexcycle.com/wp-content/uploads/2016/20161117_EURUSD_1.png)