The EURUSD is pressing to fresh lows, breaking beneath a swing area between 1.1581 and 1.1596 and pushing through the 61.8% retracement of the August 1 to recent high rally at 1.1592. That shift gives sellers increasing control of the market. The next downside target is the August 27 low at 1.1573; a break below would open the door toward 1.1555 and potentially accelerate bearish momentum.It’s worth noting that the pair fell below its 100-day moving average yesterday, only to rebound and trade around it, flipping between gains and losses both yesterday and again today. Still, today’s high stalled near the bottom of a key swing zone between 1.1645 and 1.1660, underscoring that sellers are defending overhead resistance.With downside levels breaking and resistance holding firm earlier today, the technical bias leans further in favor of sellers as long as price remains capped below the 1.15812 and 1.1596 area (close risk). Other targets on the downside include a swing area between 1.1555 and 1.1561, followed by another swing area between 1.1518 at 1.15296. This article was written by Greg Michalowski at investinglive.com.