EUR/USD - Continued Selling Pressures
EUR/USD keeps on going lower. Hourly resistance is given at 1.0521 (13/04/2016 low). The technical structure suggests further decline. Expected to see continued bearish pressures.
In the longer term, the death cross indicates a further bearish bias despite the pair has increased since last December. Key resistance holds at 1.1714 (24/08/2015 high). Strong support is given at 1.0458 (16/03/2015 low).