EUR/USD hourly – Below 1.3259/64, the market remains in negative territory
● Given last week’s break below 1.3264 (minor 76.4 %) and below pivotal support at 1.3206/1.3190 the odds are in favor of the bears now who remain in full control as long as the first decisive resistance cluster at 1.3259/64 (minor 38.2 % on 2 scales) is capping the upside.
● Above the latter though, a stronger bounce to 1.3386 (minor 76.4 %) would be indicated whereas breaks below 1.3166/61 (pivot/Fib.-projection) and below 1.3144 (200 DMA) would increase the down-pressure. Read the full report