EUR/USD at the 1.3800 level.

EUR/USD finally broke out below 1.1200 today. The pair is still very bearish and a breakout below 1.1150 could lead to a further move to the downside towards 1.1060, which is the (MA)89 on the weekly time-frame.
 
EUR/USD is poised to extend its decline, having technical readings on the 4-hour time frame. The price is well below the 20-day and 100-day SMAs, while RSI and stochastic are located within extremely oversold territory.
 
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Wednesday’s range, which suggests a strong bearish momentum.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
 
EUR/USD recovered from yesterday’s low and today is seen slightly higher. However the pair is hesitant and is staying within the daily range between 1.1150 and 1.1190.
 
The single currency recorded a decline against the US dollar on Thursday. The session started at 1.1217 and ended at 1.1144. The currency pair rebounded from the 1.1130 support and if the euro continued to lose its position against the US dollar there is a strong likelihood of a breakthrough in first support.
 
Euro / dollar fell yesterday, making the bottom at 1.1131. Expectations are downward in the near future. The false break above 1.1285 gave us a valid bearish signal with targets in the support region 1.1080, which remains a good place to buy with a narrow loss of loss. Immediate resistance is at 1.1200. A clear breakthrough over it could take the price to a neutral zone, but key resistance remains at 1.1285, which should be clearly pushed up for the sequel to the bullish scenario for testing at 1.1350 - 1.1425. Downwards, a clear break and a daily / weekly closing below 1.1080 would have to disrupt upward signals.
 
The EUR/USD pair closed the week hovering around the 1.12 mark, having the US dollar marginally higher against the single currency, backed up with the Fed’s hawikish stance. The pair failed to break the critical levels and rallies were not continued on either side. Staying within tight range seems to be game for the next week.
 
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1197, gaining 0.46%.
I believe that support is now at around 1.1130, Thursday's low, and resistance is likely at 1.1296, the maximum of Wednesday.
 
Eur/Usd is trading in a tight range ahead of Brexit negotiation. Support level can be found around 1.1160/50 zone and on the upside resistance level can be found at 1.1220.
 
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