Eur/Usd
EUR/USD short-term technical outlook
The EUR/USD pair spent most of the last trading session of the day hovering around the 23.6% retracement of the latest daily advance, settling around the 1.1200 figure. The bullish potential is limited according to the 4-hour chart, as the pair is struggling to retain gains above a mild-bearish 20 SMA but holding above the larger ones, which retain their bullish slopes. Technical indicators have turned lower, the Momentum within neutral levels, and the RSI at around 55. The risk of a downward extension will increase on a break below 1.1140, a static support level.