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By the end of August, the EURUSD pair has achieved another temporary breakout above the previous resistance zone located around 1.1900.
Shortly After, Significant SELLING pressure was applied around 1.2000 where the upper limit of the depicted movement pattern came to meet the pair.
That's why, the EUR/USD pair has demonstrated a quick bearish decline towards 1.1770-1.1750 which acted as a Temporary Support for the EUR/USD.
However, On September 21, a breakout to the downside was executed below the price level of 1.1750 (Lower limit of the depicted movement pattern).
Hence, Intraday technical outlook has turned into bearish with the price zone of 1.1760-1.1780 now acting as KEY-Zone to be watched for price action.
Intraday traders should consider the recent pullback towards the recently-broken key-zone (1.1760-1.1780) for a valid SELL Entry.
On the other hand, a breakout above 1.1820 (Exit Level) will probably enable further upside movement towards 1.1860-1.1900.
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