EUR/USD Technical Analysis: Outlook remains negative while below the support line at 1.1157

• EUR/USD remains depressed and it has recently broken below last week’s low at 1.1051.
• Immediately to the downside now emerges the YTD low at 1.1026 (August 1) ahead of the 1.0840 region, May 2017 lows.
• Looking at the broader picture, as long as the immediate support line - today at 1.1157 - caps the upside, extra losses should stay well on the table in the near term.

EUR/USD daily chart