• EUR/USD opened Asia 1.0965, price action was rejected at cloud top by 1.098, currently trades at 1.0956
  
  
• USD recovered some lost ground in Asian trading session and EUR/USD edged lower to 1.0950
  
  
• Lack of data and events in the euro bloc leaves investors to maintain the current sideline pattern
  
  
• Negatively aligned Tenkan & kijun lines and bearish Stochs crossover highlight the overall bearish bias
  
  
• Immediate resistance is seen at 1.0981 (Tenkan-Sen), while support is seen at 1.0950 (21-Day MA)

Resistance Levels:

R1: 1.0981 (Tenkan-Sen)

R2: 1.0988 (Daily High Aug 4)

R3: 1.0996 (Daily High Aug 3)

Support levels:

S1: 1.0950 (21-Day MA)

S2: 1.0900 (Psychological Level)

S3: 1.0855 (Daily Low Aug 7)