Ella 
189
While the euro holds 1.0800 as expected, if we are correct on the dollar, the risk of a break below 1.0800 is high, with a test of the 38.2% retracement of the 2022/2023 uptrend and the May low of 1.0634/12 , which is a better support level.
While the euro will try to find better support at 1.0634/12, a further downtrend would signal a major downturn in the trend, with next support at 1.0516, followed by a 50% retracement at 1.0407.
Currently blocked at 1.0932 to maintain short-term downside risks. EUR would have to break 1.1066 to ignore the top to reassess the sideways range.
