FXStreet (Edinburgh) - The increasing bearish tone around the common currency remains unabated so far, with EUR/USD currently hovering over the 1.1190/80 area. EUR/USD supported around 1.1180 The pair’s downside seems to have found some support around 1.1180 - where currently sits the 100-day sma – while President Draghi’s dovish remarks keep hammering EUR. In the meantime, spot challenges the area of 3-week lows near 1.1170 after Draghi has argued that a few members felt inclined to act today, although their proposal was dismissed… for now. EUR/USD relevant levels As of writing the pair is retreating 1.38% at 1.1182 and a breakdown of 1.1153 (61.8% Fibo of 1.0808-1.1713) would expose 1.1126 (200-day sma) and finally 1.1086 (low Sep.3). On the flip side, the next hurdle lines up at 1.1366 (38.2% Fibo of 1.0808-1.1713) followed by 1.1450 (downtrend from May’14 top) and then 1.1498 (23.6% Fibo of 1.0808-1.1713). For more information, read our latest forex news.