The EURUSD pair managed to break 1.1240 and settles below it now, which reinforces the expectations of continuing the bearish trend on the intraday and short term basis, opening the way to achieve our next target at 1.1180, reminding you that breaking this level will push the price towards 1.1100 as a next station, while holding below 1.1278 represents key condition to continue the expected decline.