EUR/USD Breaks Below Key Support, Eyes Yearly Low

The EUR/USD currency pair continued its downward trend on September 24, falling below the 1.1390 support level that had previously held back sellers for several months.

As of now, the pair is trading around $1.1368, with a decline of -0.15% in the past day.

This break below the key support area has weakened the technical structure, with all major moving averages now being breached.

The next key area for EUR/USD is expected to be around 1.1340-1.1320, where this year's low is located.