EUR/USD Technical Analysis: Descending trendline to keep the Euro pinned near 1.1460

• The previous twenty-four hours of chart activity has the EUR/USD testing into Friday’s highs near 1.1535, but the pair’s bullish momentum continues to see downside risks as the 50-period moving average keeps the pair from running ahead of itself, and the supporting 200-period moving average is beginning to draw prices back into its trap.
• EUR/USD analysis: more uncertainty ahead

EUR/USD, M5

• The last  week has seen the Fiber take a step lower, slipping beneath a previous support level at the 1.1535 region, and resistance is beginning to pile up as the 200-period moving average crosses below the key resistance barrier.

EUR/USD, M30

• Over the past month   the EUR/USD has slipped from a peak just shy of the 1.1800 major handle, facing declines all the way into 1.1433, and despite support from the 1.1460 zone, the pair has been unable to retake the 38.2% Fibo retracement level of the Fiber’s decline, currently sitting at 1.1570, just beyond the declining trendline,   currently plotted in as resistance near 1.1550.

EUR/USD, H4

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