EUR/USD: The trend remains negative despite some short-term gains

© O Financista. The trend remains bearish on EUR/USD – The EUR/USD pair still shows a profile bearish on Monday morning, despite some gains since the re-opening of the forex, after having again accelerated its fall on Friday, missing the support of 1,1350 with a low point at 1,1353.

Remember that all of the last week had been placed under the sign of the decline of the Euro, which lost nearly 150 pips on the low of Friday, compared with a peak of 1,1490 last Monday.

Statistics US better than planned, and hopes for the trade war China-USA, had strengthened the Dollar and sent down the EUR/USD pair.

The Brexit had also weighed on the single currency, in the face of uncertainty following the rejection of the agreement on the Brexit by the british Parliament.

Today, no statistics to US will not be expected in the economic calendar, and most of the traders in the US will be absent from the halls of market, due to a public holiday (the day of Martin Luther King).

It must, however, remain attentive to any comments potential for the Brexit, trade war China-USA, or the shutdown of the US government.

From a technical point of view, the EUR/USD pair faces a support imédiat to 1,1350, of which the break would draw the attention to the next potential supports 1.13, 1,1270 and 1,1215 (hollow annual 2018).

Up, the psychological threshold of 1.14, which is currently the moving average 100 hours, will be the first resistance close to current levels, before 1,1425, 1,1450, 1,1480-1,15, 1,1540-50, 1,1570 and 1.16.

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