EUR/USD Analysis: pressure continues, 1.1106 exposed
The pair bounced from the 61.8% retracement of its latest advance, holding just above the level yet with a firmly bearish stance according to the 4 hours chart, developing well below bearish moving averages and with technical indicators retaining their downward strength at 1-week lows. The mentioned Fibonacci support comes at 1.1145, providing an immediate short-term support, with a break below it exposing the yearly low at 1.1106.
Support levels: 1.1145 1.1105 1.1070
Resistance levels: 1.1180 1.1220 1.1245