Chart says it all I think. Number of tests of 1.1280 area that was resistance in the past as well which also made euro go lower again. Candle of the 15th made a new low and if current levels can hold we could see a retest of 1.1120 area and even a break. If it does break I expect it can go as low as 1.0870. If we go back up and even break 1.1280 area this short scenario is of course negated. I'm supported by an RSI that is moving lower and made lower highs while the price made higher highs which indicate a bearish divergence. Especially on the daily this is a good sign for a possible reversal.