EUR/USD continues hovering directionless around the 1.3000 area thus turning lower within the range: 4 hours chart shows momentum is turning slightly lower, while price holds above 20 SMA around 1.2960 static support zone. Pair will again need to clear this last, to trigger some bearish movement aiming to test 1.2920/30 area first and maybe 1.2880 strong zone later, if the last gives up.

To the upside, situation is a bit messier: immediate resistance comes at 1.3015, yet above it, the very close highs set around 1.3040/50 should be cleared with strength, to trigger a continuation rally towards 1.3100.

View Live Chart for the EUR/USD

e