EUR/USD's long shadow on Friday's candle, led to subsequent bearish moves

Also note fourteen-day momentum turned negative on Monday

Despite Wednesday's recovery attempts, spot is at risk of an extension lower

Expect a drop to 1.0972 Fibo, 38.2% retrace of 1.0602-1.1201 2024 (EBS) rise

There is likely solid supply circa the tenkan line, currently at 1.1085

EUR/USD Trader TGM2334. Previous update nL1N3KS08Y