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Forex pairs in this Article » EUR/USD (Bali) - EUR/USD has displayed a lower bias in Asia, tracking, yet at a much slower pace, the bearish sentiment established post Fed taper.

On the daily chart, EUR/USD formed a sizeable bearish candle, engulfing the last 4 trading days, a strong communication of what the market intentions might be short term.

The tentative double top around 1.38 has some Euro bears salivating for a potential break of next support area at 1.3615 - horizontal line - ahead of 1.36 - Kijun line daily -. On the upside, resistance is found at 1.3715 - Dec 12 low - ahead of 1.3745/50 - congestion intraday area -.
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