Extends weakness pressures key s/t supports

The Euro accelerated lower in mid-European / early US trading, coming under increased pressure on dollar’s rally across the board, as dollar bulls tighten grip.
Fresh weakness broke below pivotal support at 1.1226 (18 Apr higher low) and pressures important short-term support levels at 1.1186 (Fibo 61.8% of 1.0340/1.2555) and 1.1183/76 (2 Apr low / 7 Mar low, the lowest since mid-June 2017).
Rising bearish momentum and daily MA’s in full bearish setup, continue to weigh and add to souring sentiment, but oversold conditions warn that bulls may face strong headwinds on approach to key supports.
Former low at 1.1226 now reverts to initial resistance, ahead of broken 20SMA (1.1246).

Res: 1.1226; 1.1246; 1.1263; 1.1275
Sup: 1.1186; 1.1183; 1.1176; 1.1118