EUR/USD - Strong Selling Interest
EUR/USD keeps on weakening towards support given at 1.0952 (25/07/2016 low). Key resistance is located far away at 1.1352 (18/08/2016 high). Further decline is favoured.
In the longer term, the technical structure favours a very long-term bearish bias as long as resistance at 1.1714 (24/08/2015 high) holds. The pair is trading in range since the start of 2015. Strong support is given at 1.0458 (16/03/2015 low). However, the current technical structure since last December implies a gradual increase.