Reaching its weakest level since January 6th 1.0490, the EURUSD was hit by a weaker German consumer figures as well as hawkish comments by Federal Reserve officials and strong US economic data.
The short term trend remains down, but trade is fighting to hold and rebounded off the 1.0480 target. Market action alerts for a potential bottoming turn. We may see dips around 1.0470. A close over 1.0550 alerts for a short term bottoming turn.
Resistance 1 1.0525
Support 1 1.0490
Resistance 2 1.0550
Support 2 1.0470