The EUR/USD pair slipped towards lower levels in the US session, unable to inch higher beyond the 1.0850 levels on broader weakness, to trade around 1.0815 levels. The pair rebounded towards 1.0844 in earlier European session after comments from ECB president Mario Draghi, but sellers stepped back and pushed the pair back to the 1.0800 price zone.
- The ongoing weakness for the pair is set to continue, as the pair remains well below its daily pivot point located at 1.0856.
- Technically in the 4 hour chart the 55, 30 and 20 MA depicts a clear bearish slope, the RSI is indicating towards downside at 41.
- To the upside, the strong resistance can be seen at 1.0873, a break above this level would expose the pair to next resistance level at 1.0922 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 1.0764.
Recommendation: Go short around 1.0850, targets around 1.0780/1.0740, SL 1.0930
Support levels: 1.0800, 1.0764, 1.0700
Resistance levels: 1.0873, 1.0922, 1.0977


Currency Major Pairs: GBPUSD & AUDUSD Extremely Bullish as USDCAD Turns Deeply Bearish and Major levels to watch
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback
FxWirePro- Major Pair levels and bias summary
EUR/USD Surges Past 1.1570 as Weak US Retail Sales Fuel Bullish Momentum
FxWirePro: USD/CAD eases as soft US PPI data weighs on dollar
FxWirePro: USD/JPY steadies around 159.30,retains bid tone
FxWirePro: EUR/ AUD eases slightly, focus on near term support
FxWirePro : EUR/NZD faces downside pressure ,eyes 1.9650 level
Currency Score JPY Major: GBPJPY Bullish at 85 as CHFJPY Turns Extremely Bearish at -100
FxWirePro: USD/CNY hovers near a 3-1/2-year low, outlook bearish
FxWirePro: USD/ZAR recovers as traders assess US and South African data
FxWirePro: GBP/NZD sell bias remains below key resistance zone
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro: GBP/AUD eases despite better-than-expected UK GDP growth data
FxWirePro : EUR/NZD slips lower, set to stay on back foot 



