The Euro hits new lowest levels since mid-May 2017 in early European trading on Tuesday, holding in red for the seventh straight day.
Bears received fresh boost on break of psychological 1.10 support, with the single currency being also dragged by weakening sterling on Brexit political chaos in the UK and focusing targets at 1.0900 (round-figure) and 1.0863 (Fibo 76.4% of 1.0340/1.2555 ascend).
Technical studies are in full bearish setup on daily chart and support negative scenario, however, oversold conditions (stochastic / RSI) suggest that bears may consolidate before resuming lower.
Broken 1.10 support (reinforced by falling 5DMA) and former low at 1.1027 (1 Aug) mark solid resistances, which should ideally cap, but extended upticks towards 1.1051 (falling 10DMA / 23 Aug low) cannot be ruled out.
Falling 20DMA (1.1100) marks an upper pivot and break here would sideline bears.
Res: 1.0972; 1.1000; 1.1027; 1.1052
Sup: 1.0930; 1.0906; 1.0863; 1.0820