The EURUSD currency pair has continued its downward trajectory, dipping from a high of 1.1201 to a low of 1.1041. Currently, a crucial resistance level to monitor is at 1.1100.
As long as the price remains below this 1.1100 resistance, we can expect the downtrend to persist, with the next target likely around the 1.1000 mark.
Conversely, if the price breaks above the 1.1100 resistance, it would signal the end of the recent downtrend. In that case, the next target to watch would be in the 1.1140 area.
In summary, traders should keep a close eye on the 1.1100 level, as it will be pivotal in determining whether the EURUSD continues to decline or begins to recover.