Early in the European session, the EUR/USD pair is trading around 1.174, undergoing a technical correction after attempting to break below the 1.1790 level.

The euro is likely to continue falling to the key support level of the 8/8 Murray around 1.1718 in the coming hours.

A drop below the 8/8 Murray level could accelerate the downward movement, and we could expect the euro to reach 1.1628 and even reach the 7/8 Murray level around 1.1596.

On the other hand, the trend for the euro remains bullish, so we will look for buying opportunities in the event of a technical rebound around the 8/8 Murray level, with targets at +1/8 Murray at 1.1840.

The eagle indicator is showing a negative signal. The EUR/USD pair is likely to continue falling in the coming days.

Key support for the euro for the coming days is 1.1718 and around the weekly support of 1.1680. Key resistance levels for the euro are 1.1760, 1.1789, and 1.1840, which coincide with the +1/8 Murray level.