Technical analysis of EUR/USD

The EUR/USD exchange rate has experienced a significant decline in the past few hours. Prices are trading below the descending trendline and below the resistance level at 1.0840. Currently, if the price remains below these levels, the likelihood of a decline and selling increases, with targets reaching 1.0740 as the initial goal. However, if the price rises and breaks above these levels, there is no room for further decline.