The EURUSD currency pair has recently broken through critical support. The support level at 1.1300 has been reversing the pair since early April. The breakdown also coincides with the support trendline of the daily upward channel that began in March. Additionally, this move aligns with the 38.2% Fibonacci correction of the upward impulse seen from March. Traders should monitor this development closely as it could indicate a shift in market sentiment.