EUR/USD retreat from Fibonacci area around 1.3800, has reached quite a strong support around 1.3640; both 1 and 4 hours indicators favor a downside continuation at this point, with price under 20 SMA losing strength and turning bearish; under mentioned support, from around 1.3630, pair should accelerate current rally and approach to 1.3580/1.3600 zone. If this last gives up 1.3530 is next in line.
To change intraday trend, pair should recover above the 1.3710 zone to attempt a retest of 1.3740/50 area.
To change intraday trend, pair should recover above the 1.3710 zone to attempt a retest of 1.3740/50 area.
