Recommendations: SHORT positions below 1.3830 with 1.3780 & 1.3750 as next targets.
Alternative scenario: The upside breakout of 1.3830 will call for a rebound to 1.3850/1.3880.
Description: The EURUSD failed to hold above the 1.3815 levels as recommended yesterday , at the moment 1.3815 serves as strong resistance , as a result , Intraday outlook turns to the downside with risk towards 1.3780/1.3750 levels , further downside will aim the 1.3720 levels. On the upside , note that 1.3830 should limit any upside move above 1.3815, but , break of 1.3830 on hourly closing basis , will confirm bottoming and reverse risks towards the 1.3850/1.3880 levels , further upside will aim the 1.3905/1.3930 levels.
Support & Resistance : 1.3720, 1.3750, 1.3780, 1.3830 (Pivot) ,1.3850 , 1.3905 , 1.3933 , 1.3965