EUR/USD Technical Analysis: Potential consolidation likely ahead of further losses

• EUR/USD dropped to fresh 2019 lows in the 1.1120/18 band on Thursday, coincident with the lowest level recorded during June 2017.
• There are no relevant support levels until de 1.0540 region (May 2017 lows), which emerges as the next target in case the selling impulse gathers extra pace.
• Looking at the broader picture, the offered bias around the pair stays unchanged as long as the multi-month resistance line, today at 1.1336, caps the upside. Spot needs to overcome this hurdle in order to alleviate the downside pressure.

EUR/USD daily chart