EURUSD breached the floor around 1.0925 and stretched the four-month old downward pattern to a fresh 28-month low of 1.0904 on Friday. According to the technical indicators, the pair remains exposed to downside risks in the short-term given the negative slope in the RSI and the falling Stochastics, which have yet to confirm oversold conditions. The focus is now on the 1.0830, a key support and resistance area during 2017. Should the price overcome that barrier, the sell-off could stretch towards the 1.0700 psychological mark. Moving down, the bears could take a rest within the 1.0560-1.0500 zone before a tougher ... (full story)