Euro falls below 1.09 as dollar buying explode

The Euro follows sterling and extended weakness through 1.09 round-figure support on Wednesday, to hit the lowest levels in nearly one month.
Panic over possible global recession prompts traders into safe-haven dollar, keeping the single currency under strong pressure.
The Euro fell 1.3% so far on today’s trading, adding to heavy losses of over 5% in past less than two weeks.
Fresh weakness probes again through Fibo support at 1.0863 (76.4% of  2017/2018 1.0340/1.2555 ascend) which was cracked last week.
Clear break would generate technical signal in addition to extremely negative sentiment, that could push the pair though last week’s three-year low and open way towards 1.0340 )Jan 2017 low).
Traders focus on steps that ECB announced in order to prevent bloc’s economy from collapsing, but the outlook remains negative.

Res: 1.0878; 1.0947; 1.1000; 1.1047
Sup: 1.0830; 1.0800; 1.0778; 1.0570