The EURUSD currency pair on the Daily Chart has been in a downtrend since 25 June 2019 when it registered the high price of 1.14122. Subsequently, the price displayed a series of lower tops and lower bottoms. On 03 September 2019, the EURUSD currency pair recorded the low price of 1.09260. When applying Oscillator Analysis to the price chart, one can see that price is trading below the SMA 60 period Moving Average line, a fact which confirms the Euro's downward direction. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values above the zero line which hints to the bullish bias of the financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values below the fifty line which indicates negative sentiment. The three technical indicators display mixed signals about the direction of the financial instrument. Three price targets may be calculated upon applying the Fibonacci tool to the price chart. The first price target is estimated at 1.08893 (161.8%). The second price target is seen at 1.06666 (261.8%). The third price target is projected at 1.03062 (423.6%). The Euro is currently trading below the downtrend line. The presence of the Bearish Evening Star pattern hints at a potential rally to the downside. Of course, supply and demand as well as the crowd sentiment will determine the course of Euro. Though the market is currently following the counter trend direction, this might just be a correction, as long-term trend remains bearish.