Quotes from Societe Generale Cross Asset Research:
-EUR/USD after breaking below the multiyear triangle (1.2220) has achieved the initial target of 1.12. Monthly RSI is testing a support however, there are no signs of stabilization in price which means the downtrend could continue towards 1.08 even 1.05. Short term pullback, if any, should be confined to 1.1680/1.1710.
.