Despite the intraday uplifted mood today of the EUR/USD pair, technically speaking the bears are ruling the game. On the four-hour time frime the price is developing around the 200-day SMA but below the 20-day and 100-day SMAs. RSI has retreated from oversold area and is nearing its mid-line. Stochastic is uptrending, but remains below its mid-line.
Immediate support is seen at the critical 1.1110 level and in case of breaking it, addtional declines are expected.
Immediate support is seen at the critical 1.1110 level and in case of breaking it, addtional declines are expected.