EURUSD has broken below support at around 1.0730 and is dropping fast towards key support at 1.0340. A break below, which is likely EURUSD will be set for parity i.e. EURUSD at 1.00.
That level is not a technical level but merely a psychological level. A test and especially a break of Parity is for sure something that will create headlines worldwide.
If parity is broken we are likely to see a dip to around 0.96 before a bigger correction. 0.96 was the bullish break out level from the 2000-2002 Bottom, Consolidation and Reversal area in the form of a Symmetrical Triangle pattern.
RSI below 40 and no signs of exhaustion. Bollinger Bands expanding i.e. we are in initial phase of the (down)trend