The EUR/USD pair traded as high as 1.1280 early Tuesday, extending its advance during the Asian session amid a continued decline in equities' markets.
View the Live chart of the EUR/USD
The EUR/USD pair fell down in the short term to 1.1218, finding buying interest around the former resistance. The 4 hours chart shows that the technical indicators are losing strength and turning south in positive territory, whilst the 20 SMA presents a mild bullish slope around 1.1200, being the level to break to confirm an intraday decline towards the 1.1160 level, while further declines below this last, expose the 1.1120 price zone.
A recovery above 1.1245 on the other hand, should lead to a retest of the highs at 1.1280, whilst further gains should lead to a test of 1.1335, a strong static resistance level.
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