EUR/USD Is Falling

EUR/USD tested the resistance at 1.1283 one more time after it bounced off from the support at 1.1235, but after the second test of that level the pair finally moved sharply to the downside and broke out below the aforementioned support too. Currently the pair is falling towards its next clear target – the (MA)89 indicator on the four-hour time-frame, which is at 1.1180. The target below that remains unchanged at 1.1160. The question is what will follow next, especially with the important fundamentals tomorrow, namely the press conference by the European Central Bank President Mario Draghi, and even more importantly, the results of the snap general election in the United Kingdom which should have a major effect on both the EUR and the GBP.