EUR/USD at the 1.3800 level.

eurusd i am looking the key point 1.3300 waiting for buyers

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Switching back to the bearish trend was the right thing to do as bears once again rallied, pushing the pair to new lows underneath 1.3365.
Bearish is the way, but the risk of a bullish correction has increased with the presence of a bullish RSI divergence on the 4h and daily charts.
Only above 1.3450 do we see the trend as mixed.
 
Yesterday the EURUSD took another step lower and printed fresh year to date lows as the greenback strengthened following better-than-expected factory orders and ISM non-manufacturing PMI.
Now the million dollar question: How low can you go?
 
The EURUSD is at minimum of nine months.
With the weak German data to bring concerns about the recovery of the European Union, the 10-year German Bunds negotiate a positive trend and test highs.
In Italy, industrial production exceeded expectations (0.9% vs. Exp 0.7%).
However, the Italian GDP was much lower than expected (-0.2% vs. Exp 0.1%), causing more pressure on Europe.
 
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