EUR/USD Technical Analysis: Scope for a visit to 1.1000… and below

• The bearish pressure has intensified around the European currency following the less-dovish-than-expected FOMC meeting on Wednesday.
• EUR/USD quickly broke below previous yearly lows in the 1.1100 neighbourhood and recorded fresh YTD low at 1.1033 during early trade.
• Further downside thus remains on the cards with the next target of significance at 1.0839 (2017 lows recorded on May 11).

EUR/USD daily chart