The EUR/USD fell close to 90 pips on Friday, neutralizing the bullish view put forward by the outside-day reversal. That bearish move has established Thursday’s high of 1.1402 as the level to beat for the bulls, that is, the rally from the Nov. 28 low of 1.1267 is seen resuming above 1.1402. Hourly chart As seen above, the relative strength index (RSI) has breached the falling trendline. Therefore, the spot could soon find acceptance above the 200-hour exponential moving average (EMA) of 1.1354. Daily chart Over on the daily chart, the pair has established a higher low of 1.1267, validating the falling wedge breakout, witnessed on Nov. 16. The bullish setup would gain credence above 1.1402, in which case, the pair may test the inverse head-and-shoulders neckline of 1.1468. The bears, however, would gain strength if the pair violates the higher low pattern with a move below 1.1267 (Nov. 28 low). Trend: Cautiously bullish EUR/USD Overview:     Today Last Price:  1.1352     Today Daily change:  30  pips     Today Daily change %:  0.265%     Today Daily Open:  1.1322 Trends:     Previous Daily SMA20:  1.136     Previous Daily SMA50:  1.1451     Previous Daily SMA100:  1.153     Previous Daily SMA200:  1.1765 Levels:     Previous Daily High:  1.1402     Previous Daily Low:  1.1305     Previous Weekly High:  1.1402     Previous Weekly Low:  1.1267     Previous Monthly High:  1.15     Previous Monthly Low:  1.1216     Previous Daily Fibonacci 38.2%:  1.1342     Previous Daily Fibonacci 61.8%:  1.1365     Previous Daily Pivot Point S1:  1.1284     Previous Daily Pivot Point S2:  1.1247     Previous Daily Pivot Point S3:  1.1188     Previous Daily Pivot Point R1:  1.138     Previous Daily Pivot Point R2:  1.1439     Previous Daily Pivot Point R3:  1.1477    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 US tariff hike to 25% on China will still occur in March or beyond – Goldman Sachs FX Street 4 years The EUR/USD fell close to 90 pips on Friday, neutralizing the bullish view put forward by the outside-day reversal. That bearish move has established Thursday's high of 1.1402 as the level to beat for the bulls, that is, the rally from the Nov. 28 low of 1.1267 is seen resuming above 1.1402. Hourly chart As seen above, the relative strength index (RSI) has breached the falling trendline. Therefore, the spot could soon find acceptance above the 200-hour exponential moving average (EMA) of 1.1354. Daily chart Over on the daily chart, the pair has established a higher low of 1.1267, validating… 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.