EUR/USD

EURUSD  4h

Last week, the EUR/USD fell to the level of 1,1509, forming a short term bottom for the downside move from 1.2550

The pair remains neutral and a retracement could be expected from this level as 1,1820 and 1,1990 will be a strong resistance level

A bearish scenario could start with a break of 1,1509 and the target would be 1.1450 and a 50 percent Fibonacci retracement extending from 1,0400 to 1.2550