Strong bearish in EUR market!

The short-term trend of the euro against the US dollar is bearish. With the break of the 100% Fibonacci retracement at 1,0495, the EURUSD will rise to 161.8% at 1,0069.

From the buyers’ point of view, if the price crosses above the slight resistance of 1,0654, the short-term market trend will be neutralized.

But the uptrend is expected to be limited by the resistance of 1,0756 and the pair will fall again.

* Technical H4 analysis of EURUSD

* Technical daily analysis of EURUSD