Euro stops to absorb the losses above the level of 1.08 against the US dollar after declining as expected. It settles near-term support at 1.0804, which is 61.8%, as the fracture without it paves the way for a level of 76.4% Fibonacci extension at 1.0647. Instead, move above the 50% Fibonacci retracement at 1.0930, paving the way to test the 38.2% expansion at 1.1056.