EURUSD the pair gained bearish momentum below the 1.1285 support and the 61.8% Fib retracement level of the last wave from the 1.1176 low to 1.1447 high. The pair traded below the 1.1250 support and settled well below the 200 simple moving average (4-hours, green) and 100 simple moving average (4-hours, red). Besides, there was a close below the 76.4% Fib retracement level of the last wave from the 1.1176 low to 1.1447 high. Clearly, the pair moved into a strong downtrend and it could decline further towards the 1.1175 support area. If sellers remain in action, the pair could test the 1.1120 support and the 1.236 Fib extension level of the last wave from the 1.1176 low to 1.1447 high. On the upside, initial resistance is near the 1.1290 level, above which the pair could test the 1.1280 pivot level.