The pair EUR/USD slows down its decline after the re this morning and resumed the consolidation under the 1.1775.
In fact, after the fall of eve to the 1.1735, the rebound of EUR/USD had found resistance to the 1.1775, and then resume the path of decline.
However, after a low marginal at 1.1730 this morning, EUR/USD has again bounced back in the direction of 1.1775, but the resistance remains firmly in place at this stage.
We continue, therefore, to the time the consolidation under 1.1775, now a bearish view below.
It will need to break above to mitigate the downward pressure and eventually find the 1.1825.
It is then that above 1.1825, that we could return to the resistance zone of 1.1860/1.1880.
The tone remains thus fairly heavy, but the downside pressures are weakening as we approach the support zone of the 1.1720/1.1680.
A test of the 1.1720 still seems to be possible in the very short term, but it will break under the 1.1680 before anticipating a continuation of the fall of EUR/USD in the direction of 1.1660, 1.1620 and 1.1580.
Tomorrow we will follow on with the economic calendar inscriptions weekly unemployment US, but especially the Philly Fed, which will have some potential influence on the Forex.
The pair EUR/USD is currently trading at 1.1768 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.