FXstreet.com (Barcelona) - EUR/USD has fallen around 115 pips in the last hour from the 1.3272 to breaks below the 1.3200 level and touch the 1.3155 in the early American morning. Along the day, The pair is falling around 0.80% from the opening price at 1.3266.

Currently, the pair is trading around 1.3170/80.

According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD is bearish: Bearish Momentum is in Place in the Near-Term with Downside Risk from the 1.3390's High. Price is contained by Daily Dynamic Support @ 1.3243, and Resistance brings the 1.3262 Hourly 20SMA followed by the 1.3288 Daily Pivot and the 1.3297 200SMA. Continuation of the Counter-Trend brings a larger Double Top possibility @ 1.3392 although this Sentiment is distant. In the Immediate-Term, the 200SMA should hold any advance as Price looks to Static Support @ 1.3214 and further out to 1.3183. Violation here brings 1.3165 and 1.3134, while 1.3089 confirms the Bear Flag Formation on the larger Time-Cycles in the Near-Term with RSI Reading and Slope @ 37 to confirm this Sentiment.

Valeria provides us with her levels: SUPPORT: 1.3197 1.3165 1.3134 1.3089. RESISTANCE: 1.3305 1.3336 1.3354 1.3601.

For more information, read our latest forex news.