In the last Wednesday there were an attempt of breaking below support 1.1100, it hasn’t succeed and price moved around that region. At last support was broken yesterday and today EURUSD is continuing its declines.
Small rebound occurred at equal 1.1000 level, however more important support is located at 1.0980. It is likely that bigger rebound will occur at 1.0980. It have to be noted that declines are continuing since almost two weeks without any correction. During this time price fell 370 pips. If indicated level also breaks next important support will be located at 1.0810.
Time-frame H4:
