EUR/USD sellers probe intraday low while defying the previous day’s U-turn from 50-day SMA. Bearish MACD, failures to keep recovery moves from the key SMA favor sellers. EUR/USD teases intraday low of 1.2137 amid the recent fall during the initial Asian session on Tuesday. The major currency pair marked the heaviest losses in over a week on Monday before taking a U-turn from 50-day SMA. The following recovery moves, however, fade near 1.2145 off-late. While considering the pair’s failures to keep the bounce off key moving average, coupled with the bearish MACD, EUR/USD is up for further weakness. However, a clear break of 50-day SMA, currently around 1.2120, becomes necessary for the sellers to keep the helm. Following that, the 1.2100 threshold will be in focus. In a case where the EUR/USD bears dominate past-1.2100, a seven-week-old horizontal area near 1.2060/50 will be the key. Alternatively, EUR/USD buyers will look for an entry on a daily break above the 21-day SMA level of 1.2191. It’s worth mentioning that December 17 top near 1.2280 and the monthly high around 1.2350 will lure the EUR/USD bulls past-21-day SMA. EUR/USD daily chart Trend: Sideways FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD bulls target daily extension FX Street 1 year EUR/USD sellers probe intraday low while defying the previous day’s U-turn from 50-day SMA. Bearish MACD, failures to keep recovery moves from the key SMA favor sellers. EUR/USD teases intraday low of 1.2137 amid the recent fall during the initial Asian session on Tuesday. The major currency pair marked the heaviest losses in over a week on Monday before taking a U-turn from 50-day SMA. The following recovery moves, however, fade near 1.2145 off-late. While considering the pair’s failures to keep the bounce off key moving average, coupled with the bearish MACD, EUR/USD is up for further weakness. However, a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.