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EUR/USD technically bearish – FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet reviews the EUR/USD> from a technical point of view on todays US session.

Key Quotes:

“Technically, the 1 hour chart shows a quite neutral technical stance, with price around a mild bearish 20 SMA and indicators heading lower right below their midlines”.

“In the 4 hours chart a daily descendant trend line coming from 1.2880 price zone caps the upside now around 1.6240 along with a bearish 20 SMA, while indicators head south below their midlines”.

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