This technical analysis is showing a pattern of a formed triangle, and now the movement broke out of the triangle to the downside. I expect the momentum will continue, perhaps increasingly, with a sharper drop of USD due to inflation. This is my idea and the prediction is subject to change. Good luck.
The USD is regaining the strength across the board.
As we approach the pivot point of 1.1000, the trend for Euro continues upward and the breakthrough is possible.
Which direction will the US Dollar take? Where would it like to be before the announcement on manufacturing? It is currently at a breakaway point and could take different routes gravitating towards the support lines.