EUR/USD Dips Towards 1.1000 - Find Out Where it Could Go Next.

During Monday's American session, the EUR/USD lost momentum and fell towards 1.1000, with the US Dollar benefiting from cautious market sentiment. The market awaits the Fed's Loan Officer Opinion Survey. Technically, the pair is in a consolidative phase and could potentially rebound from the 61.8% Fibonacci level and dynamic trendline support of the ascending channel. A support area is present between 1.09850 and 1.1000, which could be a crucial level for potential growth towards the bullish trend. A possible AB=CD pattern could also emerge in this zone, with point C as the bullish impulse and point D as the extensive leg with a target of 1.0900. Our bias is bullish, with a potential long setup. However, if the price drops below our zone of attention, the next support area will be around 1.09400-1.09500.