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 support to watch will be 1,4150 (daily bollinger band) before an extension towards the key 1,40 level corresponding to the weekly bollinger band.
Only a break above 1,4550 would alleviate the downside pressure. It is worth noting that the pair is still trading flat over the long term and we will wait for a trend development to confirm a bearish outlook.