EUR/USD as expected back tested the previous support now resistance area of 1.1430-1.1450 and got rejected. Prices made a new lower low at 1.1355. We have the first divergence signs in the 4-hour chart.
Orange dots - medium strength resistance
Red dots - maximum strength resistance
EUR/USD continues to make lower lows and lower highs from the 1.1620 area. Trend remains bearish. Only a break above the orange dots and the red rectangle area will change short-term trend. This resistance is at 1.1430-1.1450. Support is at the recent low at 1.1355. Bears should protect their profits as they do not want to see prices break above the red area.
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