Recommendations: SHORT positions below 1.3817 with 1.3780 & 1.3750 as next targets.
Alternative scenario: The upside breakout of 1.3817 will call for a rebound to 1.3840/1.3862.
Description: Intraday outlook in EURUSD remains on the downside , as long as resistance 1.3617 holds on hourly basis , support comes at the 1.3870 levels , a break would open 1.3750 next , further dwomnside will aim the 1.3720 levels. On the upside , break of the 1.3817 levels will turn outlook neutral for 1.3840/1.3862 levels before the next possible fall , to reverse risks to the upside , 1.3862 should be taken out , If seen , the pair will target the 1.3900 levels ahead of the 1.3930 levels.
Support & Resistance : 1.3720, 1.3750 , 1.3780, 1.3817 (PIVOT), 1.3840 ,1.3862 , 1.3900