EUR/USD is trading around 1.10712, showing bearish pressure.
Key Resistance: The resistance zone lines between 1.11413 and 1.11944
A failure to break above this area reinforces the downward movement.
Key Support: Immediate support is near 1.10050, followed by a stronger support level around 1.09156.
Price Action: The price has broken below a key level and is heading towards the support line near 1.10050. A further break below this could trigger a move down to 1.09156.
Outlook: The trend is bearish while the price remains below the resistance area, with downside potential towards 1.10050 and possibly 1.09156.
In summary, EUR/USD is in a bearish trend, with further declines expected if the support levels are broken.