More EU downside to the very lows of 1.06 and eventually lower

Just like GU, the fundamentals are overall bearish along with the technicals, I would say potentially even 1.05 range in the near future, however first stop would be the lows of 1.06 after some little consolidation in the highlighted area. we still need confirmation of the continuing downtrend in the morning which is likely, before we place a short.