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EUR/USD downside pressure

The EUR/USD pair was traded at 1.1258 at the time of writing below the immediate uptrend line. As you already know from my previous analysis, EUR/USD could resume its downtrend if it drops below the uptrend line and under the 1.1238 former low. I've also told you that only an upside breakout from the current triangle could announce an upside reversal.

Technically, the triangle could represent a continuation pattern if the rate drops below the former lows.

EUR/USD trading conclusion

Dropping below 1.1238 and under the 1.1200 psychological level could activate a downside continuation. Actually, 1.1195 lower low stands as a critical support level. A drop below this level could mean a larger downside movement.