It shows that EURUSD is in short term bearish bias, it has tried to break the support at 1.1350 for two times but was not able and closed below it. Now a small bearish movement is expected targeting 1.1070 followed by 1.1000. We need to observe the price there to have further movement. A good rejection from this area of 1.1070-1.10 can back the price movement to bullish again. The scenario will be invalid if the price breaks 1.1400 before going the targeted area.

There are some important fundamental issues on USD including FOMC Statement that will also indicate the further movement of EURUSD.

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