- EUR/USD falls on Thursday, falling to 1.0355 after the last profits.
- After growing above the 20-day SMA this week, the couple erected before the modern sales pressure, and sellers can test his strength.
- The loss would pushes the pair in the direction of 1.0300.
The EUR/USD pair withdrew on Thursday, falling by 0.45% to 1.0370, when the stubborn momentum disappeared. After climbing above the 20-day straight movable average (SMA) at the beginning of the week, the couple are now in the face of the renovated pressure of the bear, and sellers are trying to push him back towards this key level of support. However, the overall perspective remains bear, and the pair below 100 and 200-day SMA, which is about 1.0600 and 1.0700.
Technical indicators suggest a weakness of stubborn adhesion. The relative force indicator (RSI) dropped violently to 49, passing into negative territory, signaling that the rush of growth is losing the pair. Meanwhile, the histogram of discrepancies with the movable average convergence (MacD) remains flat with green bars, which indicates the indecision of market moods.
If the pressure for sale lasts, EUR/USD can test 20-day SMA, currently nearly 1.0360. The break below this level would open the door to further decrease in the direction of 1.0300. On the other hand, if the buyers regain control, the resistance lies at 1.0400 and then the key zone 1.0450. For now, short-term perspectives are based on whether the pair can maintain over 20-day SMA.
