After ECB, EURUSD continues its decline. Friday I have published a technical analysis.
EURUSD Forecast And Technical Analysis 12-15.2017
As mentioned in the article, the pair is forming the SHS ( Head and Shoulders) pattern.
Price reversed from 1.18200 and ended the week 1.17500.
1.17200 is the key level in this formation. Breakout of this support may carry the price 1.16500.