Beginning The End Of The Bull for EUR/USD

From the looks at the hourly chart for today it still looks like there will be support in the EUR/USD pair at around the 1.3857 area. There is already a double bottom there and if it can continue to hold, the bull move might not be over.

Forex technical EUR/USD - 1 Hour Chart

With that being said, taking a look at the Forex daily chart, it looks like the market is poised to test an even bigger support at the 1.3705 mark.

Forex technical EUR/USD - Daily Chart

In either case, all tops have been met and with the fundamental news being as it is, look for the currency market to test some supports. Play carefully if you're dealing from the long side. These supports will be tested and they don't look very strong at this point.

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