FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.3354. Bearish trend from previous session update report continues and the pair reaches as low as 1.3324 before a short lived rebound. Hourly indicators look exhausted to the downside, yet bigger time frames had turn clearly bullish, said Valeria Bednarik, collaborator at FXstreet.com.
Break under actual low could send the pair to the test the ascendant trend line coming from 1.3112, March 30th low, dynamic support right now at 1.3294. 20 SMA has turned to the downside, while price have just break under 200 EMA that anyway remains flat. New candle opening under mentioned trend line, could add further downside pressure to the pair.