EURUSD: Bearish Preasure Below 1.1000 After US PPI Report

↪️EURUSD is trading in a downtrend Following a peak of 1.1065 in the week due to the announcement of US consumer inflation, the currency pair was unable to recover the 1.1000 level, creating an opportunity for additional declines.

This was followed by a horizontal resistance level previously acted as support area at approximately 1.1030/50. The pair formed a bearish flag which might trigger further drop, finding support at 1.0950/12 before reaching its lowest point for the current month at 1.0866/33 demand zone...Trade safe👍✅️