The pair is trading below 1.1650 following the release of the ECB meeting minutes that indicated the intention to follow the soft monetary policy for an indefinite period of time.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch have reversed downwards.
The price is expected to fall down to 1.1600 and then possibly to 1.1555.