If you look at EUR/USD weekly chart it seems it has found support for now.
EUR/USD will make a retracement and find resistance at EMA21.
Then it will start its downward march once again.
Read this blog post that explains how low can EUR/USD go.
It all depends on the economic and political conditions.
EUR/USD is notorious for ranging a lot.
The last time it had moved big time was when FOMC Meeting announced a rate increase.
This forced EUR/USD to go down.
For now it has found support.
