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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD continues to trade inside a small trading range of 40 pips early in Asia, below 1.3700. Last Friday the pair traded momentarily above 1.3700 but it was rejected and pulled back. In the last hours of the week moved sideways with support at 1.3665 and resistance at 1.3690.

EUR/USD to move lower in the coming days?

Nial Fuller, from Learn to Trade the Market, notes that Friday's reversion, formed a bearish pin signal. “This week, we could see price rotate lower from Friday’s pin bar if the late-day bearish pressure we saw on Friday continues.”

Last week the EUR/USD rose 135 pips, erasing previous losses and moved back above the price it had at the beginning of the year. But according to the Currencies Forecast Poll, expectations are for a move lower in the coming days and weeks.

Several selected expert's continue to see a downtrend in the EUR/USD, despite the recent recovery.
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