EUR/USD Technical Analysis: Declining resistance keeping the Fiber under bearish wraps

• The EUR/USD is continuing to cycle near 1.3800 as the last twenty-four hours sees the Fiber straining to choose a direction as broader markets continue to struggle with the Italy-EU budget standoff.
• EUR/USD: Italy's GDP could spark the next significant move

EUR/USD, M5

• The past week has seen the Fiber move haltingly lower, but so far last Friday's low at 1.1335 is holding as the current support for the pair.

EUR/USD, M30

• The past month sees the Fiber in more bearish straits, falling steadily from a four-week peak of 1.1621, and the 50-period moving average is holding as declining resistance for the EUR/USD.

EUR/USD, H4

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