On its regular Technical Outlook time frame, EUR/USD performs to be testing a resistance turned support zone between the 1.3800 and 1.3700 important technical stages. Trend analysis expressions that this can hold for currently, as the Ichimoku Kinko Hyo pointer is screening a market uptrend.
EUR/USD strength is on track to check its previous highs near the 1.4000 main psychological resistance levels. Take note though that the green line outlooks complete to cross under the price, which is an initial sell signal. So far this hasn't been established by the blue line yet, but the red line also seems to be specifying an end of the uptrend.
By using the Fibonacci retracement tool displays that the pair is stalling around the 50% level, which could hold as support. The next support stages are placed around the orange lines, which are at the 1.3600 to 1.3700 areas.
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