EUR/USD breaks below 1.10; barriers might slow it down a bit

EUR/USD is extending losses on the day as it breaked below the 1.10 level earlier
No doubt that sentiment remains very bearish and the downtrend is set to continue in the long-term
However, in the short-term, barriers and option-related flows might slow downside momentum a bit
€2 billion worth of options are expiring tomorrow at 1.10
Barrier options are expected at at 1.0950 and 1.09
Looking at the monthly chart, 1.0750/60 (Summer 2003 lows) is the next key support area