The EURUSD pair fell 0.81% last week, ending the three-week winning streak, which was the longest since January 2018.
Further, the currency pair closed at 1.1079 on Friday, confirming a downside break of the trend line connecting Oct. 1 and Oct. 15 highs.
Therefore, the path of least resistance appears to be on the downside.
The upside could be capped by Brexit uncertainty. Also, big moves may not be seen as the data calendar in Europe is light and traders may remain on the sidelines ahead of the Federal Reserve's rate decision due on Oct. 30.