EUR/USD is trading around 1.1792, reaching the strong resistance zone around 1.1803 with an upward bias after covering the gap left during the holidays.
The euro has strong resistance around 1.1800. This area could serve as a key point for resuming the bearish sequence, and we could expect EUR/USD to reach 4/8 Murray at 1.1718 in the short term.
If the euro manages to remain below the resistance level of 1.1803 in the coming hours, it will be seen as an opportunity to open short positions with targets at 1.1764, 1.1718, and finally at the 200 EMA around 1.1672.
Our outlook remains bearish as we observe a triple top pattern forming, which could confirm the decline of the EUR/USD pair in the coming days. The Eagle indicators are showing a negative signal.