[TITLE>EURUSD Technical Analysis: Key Support Break Signals Potential Downside Move to 1.1400
EURUSD currency pair recently broke below the support zone between 1.1500 and the support trendline of the daily down channel from April, ending a period that had been reversing price movement since April.
The breakdown from this key support level has accelerated the ongoing short-term impulse wave C of the intermediate ABC correction that began in April.
With the US dollar showing strong upward momentum currently, the EURUSD pair is expected to continue declining toward the next resistance level at 1.1400, which corresponds to the former wave C low from March.
