EUR/USD short-term technical outlook
The EUR/USD pair is pressuring its daily lows ahead of Wall Street’s opening, retaining its bearish tone. In the 4-hour chart, a bearish 20 SMA continues to cap the upside, providing resistance at around 1.1020. Technical indicators in the mentioned time-frame hold within negative levels, the Momentum retreating from its mid-line and the RSI hovering around 30. The main support is 1.0980, where the pair bottomed by the end of November, with a break below it hinting a downward extension toward the 1.0900 figure.