• The EUR/USD pair halted its rise on Tuesday, after global stock markets and crude oil price recovered. The pair initially rose towards 1.0873, before slipping back towards 1.0800 levels.
  
  
• The pair continues to remain in bearish tone, despite the euro gaining some ground against greenback in the early European trading hours. 
  
  
• Technically short term picture depicts more bearish trend for this pair, as the RSI in the 4 hour chart is indicating downwards at 44, the 55 30 and 20 MA are also pointing towards downwards. Overall the technical indicators are depicting more downside for this pair. 
  
  
• To the upside, the strong resistance can be seen at 1. 0900, a break above this level would expose the pair to next resistance level at 1.0950 levels.
  
  
• To the downside strong support can be seen at 1.0800, a break below at this level will open the door towards next level at 1.0776.
  
  Recommendation: Go short around 1.0840, targets around 1.0780/1.0740, SL 1.0900
  
  Support levels: 1.0800, 1.0776, 1.0740
  
  Resistance levels: 1.0840, 1.0876, 1.0900