EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040

• EUR/USD has accelerated the downside after breaking below the key 100-day SMA at 1.1119.
• The pair’s decline has once again tested the initial target in the 1.1070 region.
• A breakdown of this area of contention should expose the 55-day SMA, today at 1.1043. This is considered the last defence of the psychological support at 1.10 the figure.

EUR/USD daily chart