EUR/USD 1D Chart

EUR/USD has rebounded from from the previous swing low point of 1.16640, now acting as a resistance. The moving averages (50, 100 & 200 SMA pictured) are in a bearish cross, and the RSI is holding bearish levels below 50. Price looks set to continue downside.

EUR/USD 1H Chart

Price has broken range support at the 1.1620 level, and performed a classic break-and-retest pattern. The support turned resistance held, and price is eyeing downside support. The 1h RSI is also holding bearish levels, and the 50 hour SMA has now crossed the 200 hour SMA into a bearish cross.