The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.
The context in Europe with the Greek issue doesn’t help the EUR/USD and we don’t expect things to improve going forward.
Next key support to watch will be 1,40 corresponding to the weekly bollinger band. Only a break above 1,4550 would alleviate the downside pressure but we don’t endorse this scenario considering the overall technical setup.
It is worth noting though that the major is still trading flat over the long term and we are waiting a trend development to confirm a bearish outlook.