EUR/USD Lower

EUR/USD is trading lower in today's session after going steadily up for the second half of the last week and the first half of this week. The pair reached a high of 1.1355 and then sharply dropped to a low of 1.1315. Current market price is 1.1316, close to today's bottom ant as it seems this is close to first support level at 1.1300.

Bulls need to hold the price above 1.1300 if they want to keep up the momentum going. A break below 1.1360 would indicate that bears have slowly taken over and we might expect further depreciation. On the other hand, we should get a close above 1.13 for today and hopefully see price going up tomorrow in order for the bull run to continue.

Chart: EUR/USD H4