The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet.
The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850.
The 1D RSI is almost on the 30.00 oversold level, but we need to see a reversal inside the zone to call for a bottom after such a continuous bearish pattern (Channel Down).
Sell and target 1.04850 (Support A).
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