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 4-Hour
Overview:
Last Price: 1.1379
Daily change: -1.5e+2 pips
Daily change: -1.32%
Daily Open: 1.1531
Trends:
Daily SMA20: 1.1571
Daily SMA50: 1.1584
Daily SMA100: 1.1623
Daily SMA200: 1.1909
Levels:
Daily High: 1.154
Daily Low: 1.1531
Weekly High: 1.1551
Weekly Low: 1.1336
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1496
Daily Fibonacci 61.8%: 1.1472
Daily Pivot Point S1: 1.1453
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1351
Daily Pivot Point R1: 1.1555
Daily Pivot Point R2: 1.1596
Daily Pivot Point R3: 1.1657

Source: https://www.fxstreet.com/news/eur-usd-t ... 1810300623