EUR/USD bears attack 1.1400 in a three-day downtrend amid strong yields.
Although failures to cross the 100-day EMA surrounding 1.1480 restricts the short-term upside of the EUR/USD prices, the 50-day EMA level of 1.1380 limits the pair’s immediate downside.
=> The break of 1.1380 zone will create more momentum for the sellers to continue pushing the EU towards the 1.1350 and 1.1300 support zones.
=> On the contrary, if the buyers want to return to hold the market, the bullish break through the 1.1480 zone is the key factor.
Although failures to cross the 100-day EMA surrounding 1.1480 restricts the short-term upside of the EUR/USD prices, the 50-day EMA level of 1.1380 limits the pair’s immediate downside.
=> The break of 1.1380 zone will create more momentum for the sellers to continue pushing the EU towards the 1.1350 and 1.1300 support zones.
=> On the contrary, if the buyers want to return to hold the market, the bullish break through the 1.1480 zone is the key factor.
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